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We're not going to see 400% gains in the next decade or two
I bought a property in London in 2016 and it dropped in value by 10% by 2021. I reckon it'll be another 15 to 20 years before we see another property silly season in the UK.
Stonehedge-
You could probably map nominal house prices onto the viewing figures of 'Location, Location, Location' and 'Homes Under The Hammer' in the last few decades.
I predict a 'Changing Rooms' reboot in about 2037.
Edit: well fuck, looks like they relaunched that in 2021… https://en.wikipedia.org/wiki/Changing_Rooms
slippers
If the CGT policy were at all tenable (it's not politically, but should be), the implementation would likely start for gains in the future, and not back-dated.
We're not going to see 400% gains in the next decade or two (base rates are not going back to 0%), and the government would have to engage in unrealistic levels of QE and demand-side pumping to make anything close to that level of housing inflation happen again.
So in that instance, old Flo can happily downsize, banking 40 years worth of inflation untaxed, and probably outbid younger families for the already low number of 1–2 bedroom starter homes in the country.
This country's housing policy is fucked.