3 ms·
Berkeley and Oakland are two places that have outrageous transfer taxes when you buy/sell your house. Its 15x what it is in most other cities in California. Bas
by pkaye 7y ago
Berkeley and Oakland are two places that have outrageous transfer taxes when you buy/sell your house. Its 15x what it is in most other cities in California. Basically more impediment to owning a home.
- Kalium 7y ago1.5% is definitely high, but I have a difficult time believing that it's a larger impediment to owning than the generally high price of property due to lack of supply.
- pkaye 7y agoIts a lot to come up with with when you are struggling for a downpayment on your first house.
- mc32 7y agoIt is a lot in some ways (it’s a remodel, or repair, etc.) but you’re not going to buy your fist home in Berkeley if you’re working with a tight budget. People are paying cash in some instances.