Yes, but without rent control landlords will charge as much as they want to charge. The price of what the market will bear just goes up because everyone will raise prices. Software like RealPage will become even more prevalent. It really only helps the landlord, who is already well off to begin with.
Additionally, I can’t think of any homeowner who will vote to increase their property tax, especially if it’s already based on a $1M house.
Additionally, I can’t think of any homeowner who will vote to increase their property tax, especially if it’s already based on a $1M house.