clock menu more-arrow no yes mobile

Filed under:

Speculation Stopper

A November ballot measure will, if passed, levy heavy taxes on short-term flips of apartment buildings that are bought and resold in less than five years. The tax would apply solely to rent-controlled, multiple unit buildings with 30 units or less. The tax would be highest on properties sold after the first year and then decrease annually until disappearing completely after the fifth year. [SFGate]