Who makes up the property tax and school tax revenues without private home owners? (Who really don't own anything, they just rent it from local and state government)
Even before the private homes are physically gone, they will have lost most of their assessed value due to the 'there goes the neighborhood' effect. But maybe that's part of the plan; to wipe out local tax bases and governments in favor of centralized control by the feds.
My question to. But New York City seems to still get a ton of revenue and all they have are row homes and apartments.
In their minds the lesser nobles who actually own the multifamily buildings will still pay the taxes - as will the owners of the McJobs where the inhabitants work. Between rent control, Section 8, and anti-discrimination laws, this will allow them to farm the permanent underclass out to surrounding areas - most cities can’t provide basic school and emergency responders for their non-contributing underclasses anymore because they have no tax base left.
The NYC metro area is already experimenting with this, but they fail to see the most basic problems; nobody wants to buy existing single-family homes if welfarians can be trafficked into their neighborhoods, and the mobility they retain by avoiding buying homes has caused a real “brain drain” here - our young talent is fleeing, and instead of waiting for retirement, middle-aged workers are leaving as soon as their last children finish high school (not college - they go elsewhere for less money in better schools).
NY state has tried to reverse the brain drain by offering “free tuition”, which in reality is indentured servitude; you must remain in the state after graduation for the same number of years for which you’ve accepted the “free” tuition. It won’t work because the lack of opportunities make it difficult to remain - and you have to pay the tuition if you leave.
This war on private homes was the natural follow-up to the war on private automobiles; young people assume they will die owning nothing, having used other peoples’ homes and vehicles (leasing, ride-sharing) their whole lives.