Because taxes affect an entire market. It's not like there's other properties you can rent next door that aren't subject to rising property taxes. However, a s

Because taxes affect an entire market. It's not like there's other properties you can rent next door that aren't subject to rising property taxes. However, a stupid landlord buying a Ferrari and raising your rent to cover it doesn't affect an entire market. You just move someplace else with a less stupid landlord and lower rent.