Housing changes hands much less because the tax gap means all other factors things being equal the house is worth more to the seller than the buyer - they can't

Housing changes hands much less because the tax gap means all other factors things being equal the house is worth more to the seller than the buyer - they can't live in a similar place for the same money. Deferring taxes just makes that gap in value bigger. And there's not necessarily a point where the city gets money for services, tax rates are passed down with inherited housing.