Not everyone wants to be a homeowner or will have the means to purchase one even with additional incentives, and the increased property taxes are going to be pa

Not everyone wants to be a homeowner or will have the means to purchase one even with additional incentives, and the increased property taxes are going to be passed to renters. Also, if you intend on purchasing a place to live, you're unlikely to purchase a place that requires a lot of renovations. Disincentivizing investors means fewer of these homes will be our purchased and some will even degrade to an unrepairable state, which further reduces housing supply, which makes it more expensive in the long run.