[bubblethink]

But then why own property beyond your primary residence ? Them's the rules. If you don't want the hassle, sell and move on. The fundamental issue is lack of liquidity in the market coupled with artificially low supply. This applies to both buying and renting. Nobody moves because everyone has a sweet deal (renters locked in rent control, owners locked in low property tax rates).

[baggy_trough]

The rules are terrible and should be changed, that's the point.