When your property appreciates in value, its a good thing. You are better off than before. Sure, you will have to pay taxes on your gain, but you end up better off than before.
On the other hand, when property values go up, those people who don't own property are left behind, they didn't make any money off of the price increase and will have to pay more to buy property or for rent.
Why is it that so many many people in HoCo think the winners need help the most, rather than those who were less fortunate?