Property taxes wouldn’t rise for no reason, those people get to watch their personal wealth benefit from the housing scarcity surrounding them. Now if they bou

Property taxes wouldn’t rise for no reason, those people get to watch their personal wealth benefit from the housing scarcity surrounding them. Now if they bought at an extremely high price and are highly leveraged, they might now feel that way, but the net effect either way is the same. The people who own homes lobby against pro growth policies that would bring down housing costs, while the people who don’t aren’t driven out and unable to vote to make the necessary changes.