> A big part of the upside of this will be cheaper rents for the rest of us, because right now, ultimately, real estate owners just pass the property tax respon

> A big part of the upside of this will be cheaper rents for the rest of us, because right now, ultimately, real estate owners just pass the property tax responsibility to us in the form of higher rents. In the short term, maybe, but in the long term this will just drive property values up even further, and I imagine it will make people more likely to hold onto property they aren't actively using.