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London Fixed Gear and Single-Speed is a community of fixed gear and single-speed cyclists.
ChasnotRobert
But it's a one off cost on each move; it doesn't have any capital value after spending it but it prevents people moving e.g. to downsize or because they can otherwise afford to upgrade.
Imo an annual roperty tax would be a better way to tax real estate - it wouldn't dissuade people from moving and would also have a chance at capturing the value obtained by people sitting on appreciated assets. Rather than loading the cost onto the purchaser (who is already going to be the one funding any capital gain made by people who've seen their properties increase in value).