Would be curious to hear why you were modded down. The fact is, cash-strapped states and municipalities are going to see property owners as sheep primed for the shearing over the next several years.
As a homeowner you may be able to avoid paying rent, and you may even be able to avoid paying interest, but good luck avoiding the property-tax increases that are probably coming your way.
You need sources, as does the down-voted comment. Cash-strapped states does not equal "eminent domain" on random suburbs. Some tax-levels on property taxes are going down or neutral (Utah) while others remain the same (California, both () examples are personal experience) and can't be used as a broad paint-brush stroke.
Interest is a tax write off, many states are suing for home-owner protection, the very large fraud lawsuits against mortgage lenders, etc.
Property tax increases will hit renters just as hard, since they pay them as part of their rent. Maybe even harder, since rents are often calculated as a percentage above fixed costs.
