A 100% tax on property for those owning more than 50 properties would cause a large movement in the market. But people will say what about the value being tanke

A 100% tax on property for those owning more than 50 properties would cause a large movement in the market. But people will say what about the value being tanked when all those houses go on the market? I say, good. The value of homes should go down. People need a place to live. Houses should not be considered an asset. You don't treat your home like an asset. You don't buy it when the market is right or sell it when it's right. You don't improve it in ways that are most likely to increase value. You live in your house. It's your place to be. Whether it's a flat, a house, or a boat in a canal, it's where you live and feel safe and spend a large chunk of time.