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Posts Tagged ‘property taxes’

Real Estate Taxes To Pay For Free College Tuition?

San Francisco is going to tax properties in the city to pay for junior college

free collegeThe city of San Francisco has created a new transfer tax that will be used (very partially) to pay for junior college tuition – for anyone – well, anyone that has lived in the city for at least 1 year.

While we can debate whether or not the government taking money from one group and giving it to another to provide a free college education on some other occasion, what we are most interested today is what this will likely do to the real estate market in San Francisco.

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This would KILL our market!

We look at a policy that has already killed one real estate market

Today we take a look at something that was implemented north of the border and has virtually destroyed one of the most vibrant real estate markets in all of Canada. What is most concerning is how preventable this was and how obvious it should have been that what has happened, would happen. We will explore how the same mind set in the United States can spell doom for our own market places.

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#realestate #realestatecrash #propertytaxes #realestatebubble #prop13 #leaseoption #renttoown

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