Report Homes Left Empty As Investors Cash In in House prices and the economy Posted December 18, 2006 I agree, it shouldn't be a tax that is nominally for using services. It should be a new tax, which is to prevent hogging resources that would be better used in other ways. After all, if people started buying up all the food and selling it back at inflated prices, there would be riots and a change in the law. Why is property thought of any differently? I've nothing against people buying nice property for use. But buying it to hold empty is grotesque. Wasn't something similar brought in during the 60s for commercial property? I can't remember the exact reason why, but it was something to do with the Centre Point building in London being purposely left empty.