Lots of options here for affordable housing funding that are actually progressive forms of taxation (unlike the sales taxes and parcel taxes that are the default go-tos for local govt)https://twitter.com/kimmaicutler/status/1050430115836882944 …
I’m not exactly sure but I think that’s why @TenantsUnionSF did an anti-speculation tax that focused on overall sales price rather than gains when they did Prop. G. https://ballotpedia.org/City_of_San_Francisco_Transfer_Tax_on_Residential_Property_Re-Sold_in_Five_Years,_Proposition_G_(November_2014) … maybe @natogreen knows....
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@QuintinSF wanna chime in? -
If I remember correctly, when we were crafting Prop G, there was no preclusion from Prop 13. We could have taxed the gains from people flipping apartment buildings but chose the overall sales price as a steeper deterrent.
End of conversation
New conversation -
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