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San Francisco to pass 24% Transfer Tax on "Speculator"
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Date: October 22nd, 2014 5:12 PM Author: tripping school cafeteria 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.
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Date: October 22nd, 2014 5:35 PM Author: Pink Scourge Upon The Earth Jap ljl
god damn brother havent seen your 180 moniker in a while. do you not poast much lately? |
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Date: October 22nd, 2014 6:25 PM Author: tripping school cafeteria 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) |
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Date: October 22nd, 2014 11:47 PM Author: Sickened Carmine Library Sneaky Criminal had been wondering the same. good choice (http://www.autoadmit.com/thread.php?thread_id=2706820&forum_id=2#26569130) |
Date: October 22nd, 2014 5:38 PM Author: vivacious mauve brunch internal respiration 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) |
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Date: October 22nd, 2014 6:26 PM Author: tripping school cafeteria 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) |
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Date: October 22nd, 2014 6:30 PM Author: vivacious mauve brunch internal respiration 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) |
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Date: October 22nd, 2014 6:35 PM Author: tripping school cafeteria 24% of the purchase price isn't ever reasonable. (http://www.autoadmit.com/thread.php?thread_id=2706820&forum_id=2#26566884) |
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Date: October 22nd, 2014 6:59 PM Author: vivacious mauve brunch internal respiration 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) |
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Date: October 22nd, 2014 6:39 PM Author: Avocado legal warrant are you literally dumb? (http://www.autoadmit.com/thread.php?thread_id=2706820&forum_id=2#26566902) |
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Date: October 22nd, 2014 6:58 PM Author: Cobalt Parlour Boltzmann lol wtf mentally ill LIBS LJL (http://www.autoadmit.com/thread.php?thread_id=2706820&forum_id=2#26566982) |
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Date: October 22nd, 2014 11:43 PM Author: multi-colored school 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) |
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Date: October 22nd, 2014 6:38 PM Author: Avocado legal warrant 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) |
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Date: October 22nd, 2014 6:58 PM Author: vivacious mauve brunch internal respiration 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) |
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Date: October 22nd, 2014 6:44 PM Author: Big hilarious piazza 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) |
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Date: October 22nd, 2014 6:58 PM Author: vivacious mauve brunch internal respiration 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) |
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Date: October 22nd, 2014 7:13 PM Author: Cobalt Parlour Boltzmann Most flippers fix up dumps. There is lots of value there. (http://www.autoadmit.com/thread.php?thread_id=2706820&forum_id=2#26567063) |
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Date: October 22nd, 2014 7:14 PM Author: tripping school cafeteria don't tell that to a Mission hipster lib (http://www.autoadmit.com/thread.php?thread_id=2706820&forum_id=2#26567070) |
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Date: October 22nd, 2014 7:24 PM Author: Big hilarious piazza 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. |
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Date: October 22nd, 2014 7:27 PM Author: vivacious mauve brunch internal respiration Gentrification = ethnic cleansing (http://www.autoadmit.com/thread.php?thread_id=2706820&forum_id=2#26567127) |
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Date: October 23rd, 2014 1:46 AM Author: Pink Scourge Upon The Earth Jap you act like thats a bad thing (http://www.autoadmit.com/thread.php?thread_id=2706820&forum_id=2#26569634) |
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Date: October 22nd, 2014 7:27 PM Author: Transparent Cheese-eating Electric Furnace Son Of Senegal so your azn family owns investment property in california? (http://www.autoadmit.com/thread.php?thread_id=2706820&forum_id=2#26567128) |
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Date: October 22nd, 2014 5:38 PM Author: Haunting theater stage 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) |
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Date: October 22nd, 2014 6:23 PM Author: tripping school cafeteria 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) |
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Date: October 22nd, 2014 6:42 PM Author: well-lubricated filthy address 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) |
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Date: October 22nd, 2014 6:51 PM Author: tripping school cafeteria yes, that is another argument I believe (http://www.autoadmit.com/thread.php?thread_id=2706820&forum_id=2#26566950) |
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Date: October 22nd, 2014 7:02 PM Author: Boyish coral spot dysfunction 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) |
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Date: October 22nd, 2014 7:29 PM Author: trip sandwich (Julia)
The transfer tax is $15 per thousand. |
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Date: October 22nd, 2014 7:17 PM Author: fear-inspiring khaki hall idiot 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) |
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Date: October 22nd, 2014 7:55 PM Author: tripping school cafeteria I live here breh (http://www.autoadmit.com/thread.php?thread_id=2706820&forum_id=2#26567295) |
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Date: October 22nd, 2014 7:57 PM Author: fear-inspiring khaki hall idiot 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) |
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Date: October 22nd, 2014 10:19 PM Author: tripping school cafeteria problem is that, otherwise, it is an amazing city (http://www.autoadmit.com/thread.php?thread_id=2706820&forum_id=2#26568393) |
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Date: October 22nd, 2014 11:47 PM Author: multi-colored school 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) |
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Date: October 22nd, 2014 11:56 PM Author: tripping school cafeteria I already own, so I'm fucked. (http://www.autoadmit.com/thread.php?thread_id=2706820&forum_id=2#26569198) |
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Date: October 22nd, 2014 11:45 PM Author: multi-colored school So don't flip houses. (http://www.autoadmit.com/thread.php?thread_id=2706820&forum_id=2#26569129) |
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Date: October 22nd, 2014 11:54 PM Author: Translucent confused location *transfers membership in LLC* (http://www.autoadmit.com/thread.php?thread_id=2706820&forum_id=2#26569181) |
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Date: October 22nd, 2014 11:57 PM Author: tripping school cafeteria 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) |
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Date: October 23rd, 2014 12:07 AM Author: Translucent confused location What's the language? (http://www.autoadmit.com/thread.php?thread_id=2706820&forum_id=2#26569263) |
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Date: October 22nd, 2014 11:59 PM Author: razzle-dazzle flirting cruise ship mad cow disease (mental illness) (http://www.autoadmit.com/thread.php?thread_id=2706820&forum_id=2#26569224) |
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Date: October 23rd, 2014 1:45 AM Author: black mexican queen of the night 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. |