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  • In a way the whole £ appreciation game is strange. We bought cos we wanted a bit bigger / we can control what we install (time for solar panels etc when we have £) / it's the same price as renting.

    But also because rent can go up year on year if you are unlucky (our LL is actually cool and doesn't do that) & how the heck are you going to pay for housing in your old age / care home costs as you can't even insure yourself.

    But it comes with upkeep etc as well. So a property tax with no smaller properties people can afford to downsize into will have some unintended consequences too.

    I'd imagine those with bonkers big houses can always let out a room to afford the taxes ;)

  • I'd imagine those with bonkers big houses can always let out a room to afford the taxes ;)

    I'd let people defer it until they sell, although maybe with an interest charge

  • But isn't a large aim of property tax to keep people moving and prevent the situation where you've got retired couples hogging all the family homes because they've got no incentive to downsize?

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