Yes, relatively, the lever that municipalities had to encourage owner occupied properties (a homestead exemption) is taken away for upper middle class (especial

Yes, relatively, the lever that municipalities had to encourage owner occupied properties (a homestead exemption) is taken away for upper middle class (especially if a married couple each has a tech salary, and if the state has even a low income tax rate) Therefore, it becomes beneficial for the (even the same individuals) to invest in corporations that rent out real estate; and removes the ability for the city to use homestead exemptions to help discriminate to encourage owner occupied units. So you get higher home prices/rents with fewer owner occupied properties, with less incentive for community investment (including property taxes), and fewer levers for the state/municipality to pull.