Looking from the perspective that government is a representative and reflection a the general population (yes, i understand it's not the case everywhere and so on), doesn't it mean people don't want this to be enforced, as it would lead to declining property values, which would devalue majority of population's assets?
Well, fundamentally no, I don’t think it reflects the will of the general population, since I don’t think they’re aware that this is how it works. At least, I wasn’t before reading this.
And beyond that: people’s assets are mostly residential real estate, not commercial real estate. So I don’t know that people will get that worked up about commercial real estate devaluing.
