what you describe is extremely unfair. my situation - scraped all cash I could earn in last 12 years of full time IT development/consulting, took a massive mortgage and bought a flat in my dream location in mountains where we go almost every weekend. I will be paying for this for next 25 years till its mine. It will cost me a fortune, it's quite risky move and if things will go very south (ie my health will deteriorate dramatically), I am more than screwed. This will be most probably the biggest investment in my whole life.

I live in rental apartment and probably will keep doing this (where I live and work I can't afford to buy, and won't for various reasons). By your logic, I should be taxed to hell just because you don't like seeing foreign capital buying off properties in London or some other location you want to buy property in? No, thank you. I've lived through communism, resemblance is striking.