2) "Think on the margin" - a LVT might not make Bill Gates turn his mansion into condos, but down the bell curve there are likely plenty of people right on the

2) "Think on the margin" - a LVT might not make Bill Gates turn his mansion into condos, but down the bell curve there are likely plenty of people right on the fence who may be swayed. 3) LVT would (theoretically) equally encourage the development of condos as it would rental units.