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You're still taking away housing from those that need it and are probably still sitting on it as an "investment" and therefore perpetuating the downward spiral of unaffordable housing. If that house was to be worth £0 tomorrow would you keep it?
Edit - this is in the hypothecical situation of someone having a second house they aren't using but "rent" it out for free.
Are you a parasitic rent-seeking landlord if you don’t charge any rent?