that presupposes the locals were renting to begin with. I don't see evidence of that, or the opposite. I admit to be assuming that long-time locals own their

that presupposes the locals were renting to begin with. I don't see evidence of that, or the opposite. I admit to be assuming that long-time locals own their property. At least, a significant chunk. Also note that not enacting a tax cap is not "neutral" to the status-quo of community: for as long as they do not enshrine capped taxes into their code, the longtime locals will be outbid by transplants due to the latter's ability to pay absolute higher property taxes. This only accelerates gentrification further.