I would be curious to know if you had previously represented this unethical seller (artificially placing unqualified tenants) and if you continue to do so, my guess is probably yes to both.Interesting what you had to say about your agent and throwing him under the bus.

I also enjoy purchasing shares of companies in my portfolio during times of distress and market corrections when prices are artificially low.

Most of the 15 and 30 year mortgages in the US are backed by the government and have an artificially lower rate than the market.  

Things like rents artificially high, not being able to rerent at the quoted rents, prices being way higher than the market, war zones, finding out their renters were convicted felons so their renter insurance was useless, houses with horrible defects, there are lots of horror stories.I wish all the luck to those who buy turnkey, there is a lot of due diligence, but do not believe for a second there are not horror stories out there about shady turnkey operators.I myself have bought a property that was kind of a turn key, they are not evil but they can be high risk without a LOT of due dilligence.If the turn key providers want to debate this fact I would be glad to bring bring a moderator or 2 into this thread to help out.

The problem is that these assessors know that their pay comes from tax revenue, so they keep the values artificially high.

That's in addition to the artificially low interest rates.

Long story short, because interest rates got so (artificially) low, cap rates followed and there was a lot of buying in primary and secondary markets at 5%, 4% and even lower cap rates. 

I will say this, for as unnecessary to the process a wholesaler is...they continue to find ways to artificially drive up prices and still get rehabber, investors, retail buyers to cut checks.

Learn a trade artificial Intelligence is going to take over many jobs.

That loophole you alluded to will be fortified because the value of commercial property will artificially be depressed, that can only be worse for the city.Again, you are spot on with the political implications in that something HAD to be done, but that's not to say that something wrong had to be done.