UHNW investors with tens of millions in cash wanting to beat out government bonds long term, and CD's but want to own hard real estate assets that are not as volatile as other investments (stocks,etc.).  

There's stuff like this in every government regulation; weird little tricks that go around conventional wisdom. 

I stand by the part about the tax rate not being the most important factor, as opposed to the rent to price ratio, appreciation, stability of the rental sector, etc. 

Affordable housing is important for the long term viability of the middle class in big cities but maybe the government doesn't have a right to commandeer private property in order to meet their goals. maybe they need to be funding affordable housing initiatives by encouraging development or providing housing vouchers beyond what the Feds do. just a thought. 

The government has incentivized me to pay more property taxes by giving me a lot of breaks on my income taxes.

It will be interesting to see not only on-campus transformation, but also how off-campus medical office space evolves in the West End, Beacon Hill and Government Center.https://www.bizjournals.com/boston/news/2019/05/13/first-look-mgh-plans-1-million-square-foot.html?

The government can place a tax lien on the property and force a sale where the lending institution would have to defend the lien.

Why did cities think they have the right to tell people how to rent out their homes because the government doesn't do enough to expand housing stock?

You will have to read through the governing documents of your HOA. that will outline where common property ends and where your property begin. if the pipe that is leaking only services your unit, it may be your property.

The FEDERAL RESERVE BANK, which has absolutely nothing to do with the Federal Government, can crush our real estate market as well as our entire economy with interest rate increases.