You can see this happening in London, which is in the middle of a useless government-supported property bubble.<p>Areas with prestige developments of &gt; £20M houses and apartments are being left almost empty - because they&#x27;re an investment, not a home.<p>What you&#x27;re describing would essentially be a land and property tax. The idea is so shocking that proponents of both - like Henry George - literally tend to be written out of economic history.