If one stops thinking of housing in the traditional way and instead think of it in the same way as an investment in gold, one that holds value in the long term, then the government's housing bonds made a lot of sense. Gold doesn't pay rent, but it also doesn't call you in the middle of the night about broken plumbing. With the new bonds, the government took care of the maintenance and such, and so it was a good worry-free way to lock away capital. With it being part of a large fund, there was no risk at all, other than the usual market fluctuations. Plus it was actually providing homes for people, getting our country back on its feet. It was a way to show that we realise the real gold is each other, it's our families, our kids. Those who needed a home could bank on their new found security, and so could investors.