but at some point housing scarcity causes additional housing unit prices to skyrocket. so the property tax basis for those new high priced units must look prett

but at some point housing scarcity causes additional housing unit prices to skyrocket. so the property tax basis for those new high priced units must look pretty good to city councils. i mean, don't city councils also find it highly revenue-enhancing to encourage the replacement of older housing stock and long time owners with new, high priced, units?