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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...
Self-centered international law enforcement agency state
  10/22/14
ljl god damn brother havent seen your 180 moniker in a wh...
shimmering well-lubricated marketing idea nursing home
  10/22/14
I post a little....sometimes changing monikers. Just came b...
Self-centered international law enforcement agency state
  10/22/14
had been wondering the same. good choice
Vengeful feces base
  10/22/14
conservabro here and I see no real issue with this in concep...
misunderstood amethyst office bbw
  10/22/14
24% tax on sale price isn't just questionable, it is insane....
Self-centered international law enforcement agency state
  10/22/14
The concept is reasonable (excise tax). The implementation i...
misunderstood amethyst office bbw
  10/22/14
24% of the purchase price isn't ever reasonable.
Self-centered international law enforcement agency state
  10/22/14
I agree that it's dumb to do it based in the price rather th...
misunderstood amethyst office bbw
  10/22/14
are you literally dumb?
Territorial ebony locale famous landscape painting
  10/22/14
lol wtf mentally ill LIBS LJL
Henna Boyish Dysfunction Hall
  10/22/14
It's not insane if their goal is to make sure no one buys to...
free-loading location
  10/22/14
you do realize flippers are charged cap gains rates already ...
Territorial ebony locale famous landscape painting
  10/22/14
Yeah, so what. I have no real problem making that number hig...
misunderstood amethyst office bbw
  10/22/14
um flipped property is already taxed at short and long-term ...
Aquamarine library
  10/22/14
Not sure I follow why I should be against double taxation on...
misunderstood amethyst office bbw
  10/22/14
Most flippers fix up dumps. There is lots of value there.
Henna Boyish Dysfunction Hall
  10/22/14
don't tell that to a Mission hipster lib
Self-centered international law enforcement agency state
  10/22/14
1) you are not a conservabro if you support repressive taxat...
Aquamarine library
  10/22/14
Gentrification = ethnic cleansing
misunderstood amethyst office bbw
  10/22/14
you act like thats a bad thing
shimmering well-lubricated marketing idea nursing home
  10/23/14
so your azn family owns investment property in california?
Aqua station
  10/22/14
dont new taxes require a 2/3 majority in CA to pass?
Contagious narrow-minded azn keepsake machete
  10/22/14
that is one of the many arguments against it. Can't remembe...
Self-centered international law enforcement agency state
  10/22/14
The law seems so restrictive that it could be classified as ...
bat-shit-crazy aromatic skinny woman
  10/22/14
yes, that is another argument I believe
Self-centered international law enforcement agency state
  10/22/14
In NH the transfer taxes are 15 percent. For all transactio...
drunken scarlet juggernaut
  10/22/14
(Julia) The transfer tax is $15 per thousand.
offensive nowag resort
  10/22/14
Not sure what the problem is. Its a small, local decision. L...
chartreuse crawly newt dopamine
  10/22/14
I live here breh
Self-centered international law enforcement agency state
  10/22/14
dont put your money where socialist libs can touch it. lol a...
chartreuse crawly newt dopamine
  10/22/14
problem is that, otherwise, it is an amazing city
Self-centered international law enforcement agency state
  10/22/14
you of course realize this is going to lower home prices, ri...
free-loading location
  10/22/14
I already own, so I'm fucked.
Self-centered international law enforcement agency state
  10/22/14
So don't flip houses.
free-loading location
  10/22/14
*transfers membership in LLC*
hyperventilating parlor
  10/22/14
nope, the libs got that covered. easy to not get caught, bu...
Self-centered international law enforcement agency state
  10/22/14
What's the language?
hyperventilating parlor
  10/23/14
(mental illness)
180 senate
  10/22/14
My main issue is the exemption if you lived there "at l...
ocher exciting tanning salon immigrant
  10/23/14


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Reply Favorite

Date: October 22nd, 2014 5:12 PM
Author: Self-centered international law enforcement agency state

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: shimmering well-lubricated marketing idea nursing home

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: Self-centered international law enforcement agency state

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: Vengeful feces base

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: misunderstood amethyst office bbw

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: Self-centered international law enforcement agency state

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: misunderstood amethyst office bbw

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: Self-centered international law enforcement agency state

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: misunderstood amethyst office bbw

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: Territorial ebony locale famous landscape painting

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: Henna Boyish Dysfunction Hall

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: free-loading location

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: Territorial ebony locale famous landscape painting

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: misunderstood amethyst office bbw

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: Aquamarine library

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: misunderstood amethyst office bbw

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: Henna Boyish Dysfunction Hall

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: Self-centered international law enforcement agency state

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: Aquamarine library

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: misunderstood amethyst office bbw

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: shimmering well-lubricated marketing idea nursing home

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: Aqua station

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: Contagious narrow-minded azn keepsake machete

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: Self-centered international law enforcement agency state

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: bat-shit-crazy aromatic skinny woman

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: Self-centered international law enforcement agency state

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: drunken scarlet juggernaut

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: offensive nowag resort

(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: chartreuse crawly newt dopamine

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: Self-centered international law enforcement agency state

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: chartreuse crawly newt dopamine

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: Self-centered international law enforcement agency state

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: free-loading location

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: Self-centered international law enforcement agency state

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: free-loading location

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: hyperventilating parlor

*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: Self-centered international law enforcement agency state

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: hyperventilating parlor

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: 180 senate

(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: ocher exciting tanning salon immigrant

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)