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This makes zero sense. If the supposed problem is that people are being kicked out of their homes due to broken rent control laws, let's fix rent control laws.
by plusbryan 12y ago
This makes zero sense. If the supposed problem is that people are being kicked out of their homes due to broken rent control laws, let's fix rent control laws. This tax is likely to punish more than just professional flippers, and even still, won't affect those businesses all that much.
- x0x0 12y agoHow do you figure a 24% tax won't affect flippers much? It raises the price of kicking tenants out then TIC-ing a building by the 24% tax, or 4.5 years of property taxes (probably at the remodeled price), or becoming a landlord.