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San Francisco to pass 24% Transfer Tax on "Speculator"

God, this place is a lib dream run amuck. I'm starting to t...
henna drunken stead
  10/22/14
ljl god damn brother havent seen your 180 moniker in a wh...
mauve deer antler address
  10/22/14
I post a little....sometimes changing monikers. Just came b...
henna drunken stead
  10/22/14
had been wondering the same. good choice
Filthy erotic turdskin doctorate
  10/22/14
conservabro here and I see no real issue with this in concep...
nudist brunch jewess
  10/22/14
24% tax on sale price isn't just questionable, it is insane....
henna drunken stead
  10/22/14
The concept is reasonable (excise tax). The implementation i...
nudist brunch jewess
  10/22/14
24% of the purchase price isn't ever reasonable.
henna drunken stead
  10/22/14
I agree that it's dumb to do it based in the price rather th...
nudist brunch jewess
  10/22/14
are you literally dumb?
Sickened Native Coffee Pot
  10/22/14
lol wtf mentally ill LIBS LJL
idiotic rehab
  10/22/14
It's not insane if their goal is to make sure no one buys to...
Irradiated yellow travel guidebook
  10/22/14
you do realize flippers are charged cap gains rates already ...
Sickened Native Coffee Pot
  10/22/14
Yeah, so what. I have no real problem making that number hig...
nudist brunch jewess
  10/22/14
um flipped property is already taxed at short and long-term ...
Useless floppy field sex offender
  10/22/14
Not sure I follow why I should be against double taxation on...
nudist brunch jewess
  10/22/14
Most flippers fix up dumps. There is lots of value there.
idiotic rehab
  10/22/14
don't tell that to a Mission hipster lib
henna drunken stead
  10/22/14
1) you are not a conservabro if you support repressive taxat...
Useless floppy field sex offender
  10/22/14
Gentrification = ethnic cleansing
nudist brunch jewess
  10/22/14
you act like thats a bad thing
mauve deer antler address
  10/23/14
so your azn family owns investment property in california?
shimmering balding stage quadroon
  10/22/14
dont new taxes require a 2/3 majority in CA to pass?
pearl wagecucks incel
  10/22/14
that is one of the many arguments against it. Can't remembe...
henna drunken stead
  10/22/14
The law seems so restrictive that it could be classified as ...
walnut place of business
  10/22/14
yes, that is another argument I believe
henna drunken stead
  10/22/14
In NH the transfer taxes are 15 percent. For all transactio...
abusive maize heaven toilet seat
  10/22/14
(Julia) The transfer tax is $15 per thousand.
violet fear-inspiring cruise ship chad
  10/22/14
Not sure what the problem is. Its a small, local decision. L...
well-lubricated flatulent trump supporter orchestra pit
  10/22/14
I live here breh
henna drunken stead
  10/22/14
dont put your money where socialist libs can touch it. lol a...
well-lubricated flatulent trump supporter orchestra pit
  10/22/14
problem is that, otherwise, it is an amazing city
henna drunken stead
  10/22/14
you of course realize this is going to lower home prices, ri...
Irradiated yellow travel guidebook
  10/22/14
I already own, so I'm fucked.
henna drunken stead
  10/22/14
So don't flip houses.
Irradiated yellow travel guidebook
  10/22/14
*transfers membership in LLC*
Titillating self-centered forum
  10/22/14
nope, the libs got that covered. easy to not get caught, bu...
henna drunken stead
  10/22/14
What's the language?
Titillating self-centered forum
  10/23/14
(mental illness)
maniacal pink menage
  10/22/14
My main issue is the exemption if you lived there "at l...
underhanded university
  10/23/14


Poast new message in this thread



Reply Favorite

Date: October 22nd, 2014 5:12 PM
Author: henna drunken stead

God, this place is a lib dream run amuck. I'm starting to think I should move....and I'm pretty lib for the rest of the world.

http://sanfrancisco.cbslocal.com/2014/10/06/yes-on-g-rally-heats-steps-of-san-francisco-city-hall-as-dueling-viewpoints-clash/

http://ballotpedia.org/City_of_San_Francisco_Transfer_Tax_on_Residential_Property_Re-Sold_in_Five_Years,_Proposition_G_(November_2014)



(http://www.autoadmit.com/thread.php?thread_id=2706820&forum_id=2#26566440)



Reply Favorite

Date: October 22nd, 2014 5:35 PM
Author: mauve deer antler address

ljl

god damn brother havent seen your 180 moniker in a while. do you not poast much lately?

(http://www.autoadmit.com/thread.php?thread_id=2706820&forum_id=2#26566542)



Reply Favorite

Date: October 22nd, 2014 6:25 PM
Author: henna drunken stead

I post a little....sometimes changing monikers. Just came back to this one.

(http://www.autoadmit.com/thread.php?thread_id=2706820&forum_id=2#26566831)



Reply Favorite

Date: October 22nd, 2014 11:47 PM
Author: Filthy erotic turdskin doctorate

had been wondering the same. good choice

(http://www.autoadmit.com/thread.php?thread_id=2706820&forum_id=2#26569130)



Reply Favorite

Date: October 22nd, 2014 5:38 PM
Author: nudist brunch jewess

conservabro here and I see no real issue with this in concept. We have different rates for short and long term cap gains. Tax on sale price rather than on gains is questionable, though.

(http://www.autoadmit.com/thread.php?thread_id=2706820&forum_id=2#26566555)



Reply Favorite

Date: October 22nd, 2014 6:26 PM
Author: henna drunken stead

24% tax on sale price isn't just questionable, it is insane. If it was on gains, it would be a whole different animal.

(http://www.autoadmit.com/thread.php?thread_id=2706820&forum_id=2#26566835)



Reply Favorite

Date: October 22nd, 2014 6:30 PM
Author: nudist brunch jewess

The concept is reasonable (excise tax). The implementation is what I'd expect out of San francisco.

(http://www.autoadmit.com/thread.php?thread_id=2706820&forum_id=2#26566864)



Reply Favorite

Date: October 22nd, 2014 6:35 PM
Author: henna drunken stead

24% of the purchase price isn't ever reasonable.

(http://www.autoadmit.com/thread.php?thread_id=2706820&forum_id=2#26566884)



Reply Favorite

Date: October 22nd, 2014 6:59 PM
Author: nudist brunch jewess

I agree that it's dumb to do it based in the price rather than the gain. I said that above.

(http://www.autoadmit.com/thread.php?thread_id=2706820&forum_id=2#26566987)



Reply Favorite

Date: October 22nd, 2014 6:39 PM
Author: Sickened Native Coffee Pot

are you literally dumb?

(http://www.autoadmit.com/thread.php?thread_id=2706820&forum_id=2#26566902)



Reply Favorite

Date: October 22nd, 2014 6:58 PM
Author: idiotic rehab

lol wtf mentally ill LIBS LJL

(http://www.autoadmit.com/thread.php?thread_id=2706820&forum_id=2#26566982)



Reply Favorite

Date: October 22nd, 2014 11:43 PM
Author: Irradiated yellow travel guidebook

It's not insane if their goal is to make sure no one buys to flip ever (beacuse with this you'd only ever buy to flip if you knew without a doubt you could increase house more than 25% or something like that). If there's an exemption for people who can demonstrate they lived there and have to move out of the city within five years, then I think it's a really solid piece of legislation for preventing RE speculation while not disincentivizing home purchases from legit buyers who are worried they might have to sell the house for some emergency reason.

(http://www.autoadmit.com/thread.php?thread_id=2706820&forum_id=2#26569113)



Reply Favorite

Date: October 22nd, 2014 6:38 PM
Author: Sickened Native Coffee Pot

you do realize flippers are charged cap gains rates already right? what exactly is your IQ?

(http://www.autoadmit.com/thread.php?thread_id=2706820&forum_id=2#26566900)



Reply Favorite

Date: October 22nd, 2014 6:58 PM
Author: nudist brunch jewess

Yeah, so what. I have no real problem making that number higher for short term flips.

(http://www.autoadmit.com/thread.php?thread_id=2706820&forum_id=2#26566985)



Reply Favorite

Date: October 22nd, 2014 6:44 PM
Author: Useless floppy field sex offender

um flipped property is already taxed at short and long-term cap gains rates. you call yourself a conservabro and are ok with double taxation in concept? lol.

(http://www.autoadmit.com/thread.php?thread_id=2706820&forum_id=2#26566922)



Reply Favorite

Date: October 22nd, 2014 6:58 PM
Author: nudist brunch jewess

Not sure I follow why I should be against double taxation on an activity that has no real social value.

(http://www.autoadmit.com/thread.php?thread_id=2706820&forum_id=2#26566981)



Reply Favorite

Date: October 22nd, 2014 7:13 PM
Author: idiotic rehab

Most flippers fix up dumps. There is lots of value there.

(http://www.autoadmit.com/thread.php?thread_id=2706820&forum_id=2#26567063)



Reply Favorite

Date: October 22nd, 2014 7:14 PM
Author: henna drunken stead

don't tell that to a Mission hipster lib

(http://www.autoadmit.com/thread.php?thread_id=2706820&forum_id=2#26567070)



Reply Favorite

Date: October 22nd, 2014 7:24 PM
Author: Useless floppy field sex offender

1) you are not a conservabro if you support repressive taxation, let alone double taxation

2) you're retarded if you think there's no "social value" in fixing up dumps and supporting gentrification of shitty areas.

(http://www.autoadmit.com/thread.php?thread_id=2706820&forum_id=2#26567111)



Reply Favorite

Date: October 22nd, 2014 7:27 PM
Author: nudist brunch jewess

Gentrification = ethnic cleansing

(http://www.autoadmit.com/thread.php?thread_id=2706820&forum_id=2#26567127)



Reply Favorite

Date: October 23rd, 2014 1:46 AM
Author: mauve deer antler address

you act like thats a bad thing

(http://www.autoadmit.com/thread.php?thread_id=2706820&forum_id=2#26569634)



Reply Favorite

Date: October 22nd, 2014 7:27 PM
Author: shimmering balding stage quadroon

so your azn family owns investment property in california?

(http://www.autoadmit.com/thread.php?thread_id=2706820&forum_id=2#26567128)



Reply Favorite

Date: October 22nd, 2014 5:38 PM
Author: pearl wagecucks incel

dont new taxes require a 2/3 majority in CA to pass?

(http://www.autoadmit.com/thread.php?thread_id=2706820&forum_id=2#26566561)



Reply Favorite

Date: October 22nd, 2014 6:23 PM
Author: henna drunken stead

that is one of the many arguments against it. Can't remember the proponent's argument as to why i isn't necessary.

(http://www.autoadmit.com/thread.php?thread_id=2706820&forum_id=2#26566822)



Reply Favorite

Date: October 22nd, 2014 6:42 PM
Author: walnut place of business

The law seems so restrictive that it could be classified as a taking of property under the 4th ammendment

(http://www.autoadmit.com/thread.php?thread_id=2706820&forum_id=2#26566916)



Reply Favorite

Date: October 22nd, 2014 6:51 PM
Author: henna drunken stead

yes, that is another argument I believe

(http://www.autoadmit.com/thread.php?thread_id=2706820&forum_id=2#26566950)



Reply Favorite

Date: October 22nd, 2014 7:02 PM
Author: abusive maize heaven toilet seat

In NH the transfer taxes are 15 percent. For all transactions. That's basically how they avoid income taxes. It's a duck you Massachusetts tax instead.

(http://www.autoadmit.com/thread.php?thread_id=2706820&forum_id=2#26566998)



Reply Favorite

Date: October 22nd, 2014 7:29 PM
Author: violet fear-inspiring cruise ship chad

(Julia)

The transfer tax is $15 per thousand.

(http://www.autoadmit.com/thread.php?thread_id=2706820&forum_id=2#26567136)



Reply Favorite

Date: October 22nd, 2014 7:17 PM
Author: well-lubricated flatulent trump supporter orchestra pit

Not sure what the problem is. Its a small, local decision. Let them do what they want.

(http://www.autoadmit.com/thread.php?thread_id=2706820&forum_id=2#26567078)



Reply Favorite

Date: October 22nd, 2014 7:55 PM
Author: henna drunken stead

I live here breh

(http://www.autoadmit.com/thread.php?thread_id=2706820&forum_id=2#26567295)



Reply Favorite

Date: October 22nd, 2014 7:57 PM
Author: well-lubricated flatulent trump supporter orchestra pit

dont put your money where socialist libs can touch it. lol are u stupid?

(http://www.autoadmit.com/thread.php?thread_id=2706820&forum_id=2#26567307)



Reply Favorite

Date: October 22nd, 2014 10:19 PM
Author: henna drunken stead

problem is that, otherwise, it is an amazing city

(http://www.autoadmit.com/thread.php?thread_id=2706820&forum_id=2#26568393)



Reply Favorite

Date: October 22nd, 2014 11:47 PM
Author: Irradiated yellow travel guidebook

you of course realize this is going to lower home prices, right? this benefits you if you want to buy

(http://www.autoadmit.com/thread.php?thread_id=2706820&forum_id=2#26569133)



Reply Favorite

Date: October 22nd, 2014 11:56 PM
Author: henna drunken stead

I already own, so I'm fucked.

(http://www.autoadmit.com/thread.php?thread_id=2706820&forum_id=2#26569198)



Reply Favorite

Date: October 22nd, 2014 11:45 PM
Author: Irradiated yellow travel guidebook

So don't flip houses.

(http://www.autoadmit.com/thread.php?thread_id=2706820&forum_id=2#26569129)



Reply Favorite

Date: October 22nd, 2014 11:54 PM
Author: Titillating self-centered forum

*transfers membership in LLC*

(http://www.autoadmit.com/thread.php?thread_id=2706820&forum_id=2#26569181)



Reply Favorite

Date: October 22nd, 2014 11:57 PM
Author: henna drunken stead

nope, the libs got that covered. easy to not get caught, but if you get caught, there are penalties up the wazoo.

(http://www.autoadmit.com/thread.php?thread_id=2706820&forum_id=2#26569204)



Reply Favorite

Date: October 23rd, 2014 12:07 AM
Author: Titillating self-centered forum

What's the language?

(http://www.autoadmit.com/thread.php?thread_id=2706820&forum_id=2#26569263)



Reply Favorite

Date: October 22nd, 2014 11:59 PM
Author: maniacal pink menage

(mental illness)

(http://www.autoadmit.com/thread.php?thread_id=2706820&forum_id=2#26569224)



Reply Favorite

Date: October 23rd, 2014 1:45 AM
Author: underhanded university

My main issue is the exemption if you lived there "at least one year immediately preceding the conveyance".

What happens if I get fired from a job in SF after living in SF for a couple years, get a job elsewhere while I rent out my place in SF, and then decide to sell my house? Assume I was renting while working the new job in a different city.

The tax is insanely punitive but it also seems pretty narrowly tailored. It exempts single family units and condos, so it really only hits investment properties. It seems like it's designed to discourage companies that specialize in kicking out people under rent control (i.e. I own a complex with 10-20 units but I don't have the stomach to deal with all the ppl under rent control; a company comes in, cleans up house, and then re-sells it to yet another company).

The real issue is that rent control should be banned.

(http://www.autoadmit.com/thread.php?thread_id=2706820&forum_id=2#26569631)