\
  The most prestigious law school admissions discussion board in the world.
BackRefresh Options Favorite

San Francisco to pass 24% Transfer Tax on "Speculator"

God, this place is a lib dream run amuck. I'm starting to t...
insanely creepy reading party
  10/22/14
ljl god damn brother havent seen your 180 moniker in a wh...
Misanthropic scourge upon the earth dragon
  10/22/14
I post a little....sometimes changing monikers. Just came b...
insanely creepy reading party
  10/22/14
had been wondering the same. good choice
Free-loading Alcoholic State
  10/22/14
conservabro here and I see no real issue with this in concep...
drunken tanning salon idiot
  10/22/14
24% tax on sale price isn't just questionable, it is insane....
insanely creepy reading party
  10/22/14
The concept is reasonable (excise tax). The implementation i...
drunken tanning salon idiot
  10/22/14
24% of the purchase price isn't ever reasonable.
insanely creepy reading party
  10/22/14
I agree that it's dumb to do it based in the price rather th...
drunken tanning salon idiot
  10/22/14
are you literally dumb?
fiercely-loyal spot
  10/22/14
lol wtf mentally ill LIBS LJL
pink locus background story
  10/22/14
It's not insane if their goal is to make sure no one buys to...
flickering boltzmann shitlib
  10/22/14
you do realize flippers are charged cap gains rates already ...
fiercely-loyal spot
  10/22/14
Yeah, so what. I have no real problem making that number hig...
drunken tanning salon idiot
  10/22/14
um flipped property is already taxed at short and long-term ...
carnelian foreskin
  10/22/14
Not sure I follow why I should be against double taxation on...
drunken tanning salon idiot
  10/22/14
Most flippers fix up dumps. There is lots of value there.
pink locus background story
  10/22/14
don't tell that to a Mission hipster lib
insanely creepy reading party
  10/22/14
1) you are not a conservabro if you support repressive taxat...
carnelian foreskin
  10/22/14
Gentrification = ethnic cleansing
drunken tanning salon idiot
  10/22/14
you act like thats a bad thing
Misanthropic scourge upon the earth dragon
  10/23/14
so your azn family owns investment property in california?
lake plaza mad cow disease
  10/22/14
dont new taxes require a 2/3 majority in CA to pass?
Startling Razzle Party Of The First Part
  10/22/14
that is one of the many arguments against it. Can't remembe...
insanely creepy reading party
  10/22/14
The law seems so restrictive that it could be classified as ...
Laughsome Electric Furnace Ape
  10/22/14
yes, that is another argument I believe
insanely creepy reading party
  10/22/14
In NH the transfer taxes are 15 percent. For all transactio...
Slimy internet-worthy stage therapy
  10/22/14
(Julia) The transfer tax is $15 per thousand.
Crystalline Indian Lodge
  10/22/14
Not sure what the problem is. Its a small, local decision. L...
Well-lubricated toilet seat
  10/22/14
I live here breh
insanely creepy reading party
  10/22/14
dont put your money where socialist libs can touch it. lol a...
Well-lubricated toilet seat
  10/22/14
problem is that, otherwise, it is an amazing city
insanely creepy reading party
  10/22/14
you of course realize this is going to lower home prices, ri...
flickering boltzmann shitlib
  10/22/14
I already own, so I'm fucked.
insanely creepy reading party
  10/22/14
So don't flip houses.
flickering boltzmann shitlib
  10/22/14
*transfers membership in LLC*
Flushed vigorous site
  10/22/14
nope, the libs got that covered. easy to not get caught, bu...
insanely creepy reading party
  10/22/14
What's the language?
Flushed vigorous site
  10/23/14
(mental illness)
cracking knife generalized bond
  10/22/14
My main issue is the exemption if you lived there "at l...
alcoholic pit
  10/23/14


Poast new message in this thread



Reply Favorite

Date: October 22nd, 2014 5:12 PM
Author: insanely creepy reading party

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.

http://sanfrancisco.cbslocal.com/2014/10/06/yes-on-g-rally-heats-steps-of-san-francisco-city-hall-as-dueling-viewpoints-clash/

http://ballotpedia.org/City_of_San_Francisco_Transfer_Tax_on_Residential_Property_Re-Sold_in_Five_Years,_Proposition_G_(November_2014)



(http://www.autoadmit.com/thread.php?thread_id=2706820&forum_id=2#26566440)



Reply Favorite

Date: October 22nd, 2014 5:35 PM
Author: Misanthropic scourge upon the earth dragon

ljl

god damn brother havent seen your 180 moniker in a while. do you not poast much lately?

(http://www.autoadmit.com/thread.php?thread_id=2706820&forum_id=2#26566542)



Reply Favorite

Date: October 22nd, 2014 6:25 PM
Author: insanely creepy reading party

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)



Reply Favorite

Date: October 22nd, 2014 11:47 PM
Author: Free-loading Alcoholic State

had been wondering the same. good choice

(http://www.autoadmit.com/thread.php?thread_id=2706820&forum_id=2#26569130)



Reply Favorite

Date: October 22nd, 2014 5:38 PM
Author: drunken tanning salon idiot

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)



Reply Favorite

Date: October 22nd, 2014 6:26 PM
Author: insanely creepy reading party

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)



Reply Favorite

Date: October 22nd, 2014 6:30 PM
Author: drunken tanning salon idiot

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)



Reply Favorite

Date: October 22nd, 2014 6:35 PM
Author: insanely creepy reading party

24% of the purchase price isn't ever reasonable.

(http://www.autoadmit.com/thread.php?thread_id=2706820&forum_id=2#26566884)



Reply Favorite

Date: October 22nd, 2014 6:59 PM
Author: drunken tanning salon idiot

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)



Reply Favorite

Date: October 22nd, 2014 6:39 PM
Author: fiercely-loyal spot

are you literally dumb?

(http://www.autoadmit.com/thread.php?thread_id=2706820&forum_id=2#26566902)



Reply Favorite

Date: October 22nd, 2014 6:58 PM
Author: pink locus background story

lol wtf mentally ill LIBS LJL

(http://www.autoadmit.com/thread.php?thread_id=2706820&forum_id=2#26566982)



Reply Favorite

Date: October 22nd, 2014 11:43 PM
Author: flickering boltzmann shitlib

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)



Reply Favorite

Date: October 22nd, 2014 6:38 PM
Author: fiercely-loyal spot

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)



Reply Favorite

Date: October 22nd, 2014 6:58 PM
Author: drunken tanning salon idiot

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)



Reply Favorite

Date: October 22nd, 2014 6:44 PM
Author: carnelian foreskin

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)



Reply Favorite

Date: October 22nd, 2014 6:58 PM
Author: drunken tanning salon idiot

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)



Reply Favorite

Date: October 22nd, 2014 7:13 PM
Author: pink locus background story

Most flippers fix up dumps. There is lots of value there.

(http://www.autoadmit.com/thread.php?thread_id=2706820&forum_id=2#26567063)



Reply Favorite

Date: October 22nd, 2014 7:14 PM
Author: insanely creepy reading party

don't tell that to a Mission hipster lib

(http://www.autoadmit.com/thread.php?thread_id=2706820&forum_id=2#26567070)



Reply Favorite

Date: October 22nd, 2014 7:24 PM
Author: carnelian foreskin

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.

(http://www.autoadmit.com/thread.php?thread_id=2706820&forum_id=2#26567111)



Reply Favorite

Date: October 22nd, 2014 7:27 PM
Author: drunken tanning salon idiot

Gentrification = ethnic cleansing

(http://www.autoadmit.com/thread.php?thread_id=2706820&forum_id=2#26567127)



Reply Favorite

Date: October 23rd, 2014 1:46 AM
Author: Misanthropic scourge upon the earth dragon

you act like thats a bad thing

(http://www.autoadmit.com/thread.php?thread_id=2706820&forum_id=2#26569634)



Reply Favorite

Date: October 22nd, 2014 7:27 PM
Author: lake plaza mad cow disease

so your azn family owns investment property in california?

(http://www.autoadmit.com/thread.php?thread_id=2706820&forum_id=2#26567128)



Reply Favorite

Date: October 22nd, 2014 5:38 PM
Author: Startling Razzle Party Of The First Part

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)



Reply Favorite

Date: October 22nd, 2014 6:23 PM
Author: insanely creepy reading party

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)



Reply Favorite

Date: October 22nd, 2014 6:42 PM
Author: Laughsome Electric Furnace Ape

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)



Reply Favorite

Date: October 22nd, 2014 6:51 PM
Author: insanely creepy reading party

yes, that is another argument I believe

(http://www.autoadmit.com/thread.php?thread_id=2706820&forum_id=2#26566950)



Reply Favorite

Date: October 22nd, 2014 7:02 PM
Author: Slimy internet-worthy stage therapy

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)



Reply Favorite

Date: October 22nd, 2014 7:29 PM
Author: Crystalline Indian Lodge

(Julia)

The transfer tax is $15 per thousand.

(http://www.autoadmit.com/thread.php?thread_id=2706820&forum_id=2#26567136)



Reply Favorite

Date: October 22nd, 2014 7:17 PM
Author: Well-lubricated toilet seat

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)



Reply Favorite

Date: October 22nd, 2014 7:55 PM
Author: insanely creepy reading party

I live here breh

(http://www.autoadmit.com/thread.php?thread_id=2706820&forum_id=2#26567295)



Reply Favorite

Date: October 22nd, 2014 7:57 PM
Author: Well-lubricated toilet seat

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)



Reply Favorite

Date: October 22nd, 2014 10:19 PM
Author: insanely creepy reading party

problem is that, otherwise, it is an amazing city

(http://www.autoadmit.com/thread.php?thread_id=2706820&forum_id=2#26568393)



Reply Favorite

Date: October 22nd, 2014 11:47 PM
Author: flickering boltzmann shitlib

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)



Reply Favorite

Date: October 22nd, 2014 11:56 PM
Author: insanely creepy reading party

I already own, so I'm fucked.

(http://www.autoadmit.com/thread.php?thread_id=2706820&forum_id=2#26569198)



Reply Favorite

Date: October 22nd, 2014 11:45 PM
Author: flickering boltzmann shitlib

So don't flip houses.

(http://www.autoadmit.com/thread.php?thread_id=2706820&forum_id=2#26569129)



Reply Favorite

Date: October 22nd, 2014 11:54 PM
Author: Flushed vigorous site

*transfers membership in LLC*

(http://www.autoadmit.com/thread.php?thread_id=2706820&forum_id=2#26569181)



Reply Favorite

Date: October 22nd, 2014 11:57 PM
Author: insanely creepy reading party

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)



Reply Favorite

Date: October 23rd, 2014 12:07 AM
Author: Flushed vigorous site

What's the language?

(http://www.autoadmit.com/thread.php?thread_id=2706820&forum_id=2#26569263)



Reply Favorite

Date: October 22nd, 2014 11:59 PM
Author: cracking knife generalized bond

(mental illness)

(http://www.autoadmit.com/thread.php?thread_id=2706820&forum_id=2#26569224)



Reply Favorite

Date: October 23rd, 2014 1:45 AM
Author: alcoholic pit

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.

(http://www.autoadmit.com/thread.php?thread_id=2706820&forum_id=2#26569631)