A City Divided

Although real estate speculation that drives up prices is generally unpopular in San Francisco, there is much less consensus over whether or not Proposition G, a measure on the upcoming ballot meant to cut back on speculation, is the solution. Proposition G would impose taxes on any property between 2 and 30 units that is sold within five years of its purchase. The argument against Proposition G is that it would harm ordinary buyers who need to resell their properties because of unforeseen complications like illness or job relocation. The proposition is running 50-50 in early polling. [SFGate]