It's bugged. The loot was not reduced (M4, backpacks and magnum were), the loot is just not spawning at all, ever, not even after a restart. People need to stop saying "I like these changes!" or "Read the patch notes". This is simply broken, houses are lacking most of the loot, there are completely empty towns (with no signs of being looted by players), and military tents don't spawn loot either. Not even bottles or clothes, much less attachments. Call me a whiner or say I'm complaining too much, I don't care. I love this game, but loot is broken.