So how does it change anything?
Other than to "Oh crap my house is worth 50k more now, we can't Afford the tax increase and will have to sell up"
Obviously it would never increase so much as to be downright unaffordable. But you're missing the point, this is only one thing that would help change this country's obsession with rising house prices. And anyway, for example -- friend's of mine have had their rent put up by nearly 5% every year for the past 4 years. Why is it ok for a landlord to benefit from an area becoming more desirable? Why is it ok that tenants could get forced out of their home because an area has become desirable? Or is it one rule for tenants and one rule for homeowners? Because that's what is happening every day right now with tenants. At the end of the day if an area becomes more desirable and the homeowner "makes" £50k on paper, where is the harm in their council tax going up? They've still been gifted £50k on paper, right? Out of no doing of their own. Do they
deserve that £50k that's been magic'd out of thin air? Or should some of it go back to the council/government for supporting the new desirable and popular area? I know what I think.
Let me guess you've never been to london, or any major city where city center living is completley impossible without the rental market.
You didn't answer my question
The "flexibility" argument is a load of nonsense spouted by homeowners that don't understand what it is like in this country to rent and live your life on two months notice.
I live in London, by the way. I will accept that not everybody would expect to be able to buy a "super prime" property in somewhere extremely central (e.g. Mayfair, Covent Garden etc.) but I live in zone 3 and flats are unaffordable for a "regular" professional couple that both earn more than the London average wage. Something is wrong.