The Atlantic magazine had a "futuristic" article on this about a year ago that had millions of Americans living in trailer parks set up by the government due to bankruptcy and subsequent loss of homes. I don't see that specifically happening, but I have no idea how it will play out either because it's so hard to predict what will happen in an unstable system (and the social aspect in particular as you point out). The middle class isn't going to silently accept what amounts to a refugee camp existence while their homes sit empty. Things will get really ugly if the Chinese start buying up American properties which is a scenario I can see happening as they've got the cash to do it.

you are the media you consume.