> and will be unaffected by the 10% increase in any meaningful way Not unaffected - property taxes would increase by 10% in many jurisdictions (where no cap ex

> and will be unaffected by the 10% increase in any meaningful way Not unaffected - property taxes would increase by 10% in many jurisdictions (where no cap exists), and other costs like insurance and maintenance would likely increase by lesser amounts. As to why people celebrate this trend: https://en.wikipedia.org/wiki/Wealth_effect https://en.wikipedia.org/wiki/Wealth_effect