irvinebullhousing
Well-known member
https://www.latimes.com/business/re...y-bill-would-tax-housing-speculation-flippers
House flippers could be taxed 25% of their profit under the California Speculation Act, a bill introduced by Assemblymember Chris Ward (D-San Diego).
Assembly Bill 1771 aims to discourage real estate speculation that Ward said drives up home prices as equity investors outbid individual home buyers.
The hold could now be at least 3 years if bill pass.
House flippers could be taxed 25% of their profit under the California Speculation Act, a bill introduced by Assemblymember Chris Ward (D-San Diego).
Assembly Bill 1771 aims to discourage real estate speculation that Ward said drives up home prices as equity investors outbid individual home buyers.
The hold could now be at least 3 years if bill pass.