It serves them right for driving up rents and housing costs in their cities, which contributes to homelessness.

It's a watered down version of the same schadenfreude people felt when the guys that hoarded warehouses full of N95 masks got burned. They made a large investment and took a risk, but their speculation was at the expense of the wider community, so they shouldn't be surprised when the community had no pity on them when their investment didn't work out.