Depends on how you feel about that right?

They saw it as government privatization of the national housing stock. Turning renters into owners. So that they could get mortgages and build equity.

So that they could build wealth and have a generational asset to leave their children.

People ate that shit up and it touched off a massive development boom. Some people made piles of money. And the rest went into debt on mortgages that make them vulnerable to swings in the housing market.

Short term greed blinding people to long term consequences and costs.