[pharke]

Someone who wants to rent it out for a profit. Someone who wants to redevelop it as a business. The value of real estate would probably take a big hit with a tax hike like the one proposed as owners move to liquidate so there would be a glut of properties at first but it would eventually find a price for each that is acceptable to buyers. Haven't you ever wondered how beautiful, historic residences in prime urban locations got turned into apartments and condos?