Especially when those 2nd, 3rd, + properties are being used as passive short term rentals. Observing the state of the housing situation “Hmm there aren’t enough homes for normal families to each have a chance, I should turn this extra property of mine into a vacation rental.” does this make said person a POS?
I mean someone who owns 4 houses just so he can visit them throughout the year should be paying a higher rate of property tax than someone who owns 4 houses but rents out 3 of them to long term tenants. Probably more in property tax than the landlord pays in property + rental income tax.