@kimmaicutler transfer taxes are worse than gains taxes because they disincentivize selling when values rise slowly (as they should!)
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@kimmaicutler also SF's transfer tax is buggy, rates are not marginal, so going just over the 1/4-million dollar boundary gets much more tax - 12 more replies
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@kimmaicutler Don't think this works for a CA city since it's taxing "gains" (income). If the tax exempted homeowners it's an easier sell. -
@RFrances2 the whole point is that it includes land owners. - 1 more reply
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@DanielKayHertz@cityobs@Joe_Cortright@kimmaicutler I suggested 1% SF#transfertax for housing last yr, see threadhttps://twitter.com/tmccormick/status/494931976462143488 …Thanks. Twitter will use this to make your timeline better. UndoUndo
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@kimmaicutler@SFyimby@DanielKayHertz EIFDs to funnel increased property taxes to affordable housing are also good http://www.eifdistricts.comThanks. Twitter will use this to make your timeline better. UndoUndo
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@VamonosLA Bill doing this failed CA Senate last year. “@kimmaicutler: Transfer taxes on home equity gains … https://twitter.com/danielkayhertz/status/673912848003764224 …”
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