Hey, the Welfare State beast needs to be fed and its squeezed all the tax money it can out of those crazy enough to remain residents in these jurisdictions. So they start taking whatever assets they can get their hands on. This is why Jefferson said a little revolution every now and then is a good thing. The only way to stop the state from taking everything is to destroy it every once in a while.
This is just one way assets are being redistributed.
EPA is expanding wetlands definitions, even farmers won’t be able to farm their own land.
FEMA in largest bait and switch in US history, gave low cost flood insurance in exchange for requirement to have flood insurance on all loans. Now insurance rates will only be allowed to rise 20% per year for existing policy holders and new buyers will pay full rates. Result is homes in flood zones are now unsalable.