The previous owner of this house was taxed as if it was worth only $65K for decades and just wandered off with $3.55 million. https://twitter.com/leahculver/status/1225435202345811968 …pic.twitter.com/UThBHuV1pU
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Imagine if we got a percentage of *all* of this, instead of fighting over the share of the roughly only 2-4,000 units SF builds a year that can be income restricted.https://www.bizjournals.com/sanfrancisco/blog/real-estate/2016/01/san-francisco-home-values-zillow.html …
Isn’t that exactly a capital gains tax? Or does it not apply to primary residence the US?
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