Homeowners in big cities are reaping huge profits from exclusionary zoning that restricts housing supply. Should cities start taxing these profits to fund affordable housing? @kimmaicutler, @ByRosenberg, @SFjkdineen, @ConorDoughertyhttp://goo.gl/nu2sXA
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I’m wondering if it’s legal to do a transfer tax on profits?
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You would have to do this like a density bonus. It is an owner's choice. Approval of single-family only zoning would be conditioned on a post-sale tax. Neighborhoods have option of avoiding the tax by not imposing such land use restrictions,
@RobertGammon,@SFyimby
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I think 2/3 of voters would approve a windfall tax
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