Eric Young reports on a "Stop the Flip" ordinance that will appear on the November ballot in San Francisco.
"[The] proposal would impose a steep transfer tax on people who buy and sell multi-unit buildings within a five-year period. The rate starts at 24 percent if the sale takes place in the first year and lowers to 14 percent after five years," reports Young.
"The ballot measure includes exemptions for single-family homes, condos or owner-occupied tenants-in-common units."
As San Francisco has proven time and time again, change is likely to provoke public opposition. In this case: "Opposition is likely to come from property owners. Some opponents also point out that rather than slowing or leveling out property prices the measure could drive up prices if it leads to fewer buildings available for sale."
FULL STORY: Voters could slam S.F. house flippers with major tax
San Francisco Rents Cheaper Now Than in 2020
Though ‘cheap’ is a relative term.
San Francisco Housing Construction Far Slower Than Other Tech Hubs
Experts blame high land and construction costs and restrictive regulations for San Francisco’s dismal rate of housing construction, which lags behind other fast-growing cities like Austin and Seattle.
Housing Costs More Than a Matter of Supply and Demand
Does new market rate housing increase the average cost of housing, by inducing demand, or does it help stabilize the housing market by offering new supply? The debate continues in San Francisco.
National Parks Layoffs Will Cause Communities to Lose Billions
Thousands of essential park workers were laid off this week, just before the busy spring break season.
Retro-silient?: America’s First “Eco-burb,” The Woodlands Turns 50
A master-planned community north of Houston offers lessons on green infrastructure and resilient design, but falls short of its founder’s lofty affordability and walkability goals.
Delivering for America Plan Will Downgrade Mail Service in at Least 49.5 Percent of Zip Codes
Republican and Democrat lawmakers criticize the plan for its disproportionate negative impact on rural communities.
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Balancing Bombs and Butterflies: How the National Guard Protects a Rare Species
The National Guard at Fort Indiantown Gap uses GIS technology and land management strategies to balance military training with conservation efforts, ensuring the survival of the rare eastern regal fritillary butterfly.
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