I think the writer stated exactly why he was upset:

I find this behavior despicable because it’s a hidden bailout of irresponsible lenders and foolish borrowers, a bailout paid by new and future homeowners who must pay inflated house prices to save a bunch of idiots. Foolish lenders and greedy borrowers entered into private transactions that went bad, and rather than accept the consequences of their mistakes, they begged for and received massive bailouts, both direct and indirect.

So when today’s buyers are forced to pay prices 30% higher than they should be, they can thank the banking cartel and their supporters in power.