But they will definitely hold off for now, a property tax would cause huge devaluations in property prices inflated by the lack of one. But if we get a crash anyways, it will be easy just to add it at the bottom. The question is what is next, with transaction reaching a very low bottom to keep prices from falling, we seem to be in for a long bout of stagnation which will drag down the larger economy even more than if a crash would just happen and we could be over with it.