Which would favour people with fewer houses, which don't have to pay the increased taxes and so their rents could be lower.

So the 2nd, 3rd house taxes could be relatively low but for the 10th they would be ginormous.

There are very few people with that many houses anyway.

These people do not affect rents in any meaningful way.

> Small investors who owned between one and five properties held 87% of the single-family homes owned by investors; those owning six to 10 properties owned another 4%

https://www.prnewswire.com/news-releases/real-estate-investo...