IMHO, we're in exceptional times. Taxes are generally based on income but property rents are a function of property prices. I've had a bunch of Uber drivers claim they are struggling to make ends meet in the Bay area - yet they have houses worth over a million bucks. Income-wise, these people are blue-color workers but have insane assets simply because they were in the right place at the right time (good for them!). Meanwhile, I know physicians moving out of places like the Bay and NYC because they cannot afford the rent. Things are messed up and no one at the helm seems to care.