1,556,633
As a CA resident, I'm not totally opposed. Currently, Cap Gains in CA is taxed as ordinary income, which would be roughly 11%. What this would, in effect do is slow down investors snapping up properties from people who will use the property as owner occupied.
An unintended consequence could be that maybe there will be more Lease/Options for people to save and get a home, without having to move or having rent hikes, and perhaps a chance for home ownership that was not possible before.
Of course, I'd want exceptions for job transfer, military, and it has to be owner occupied and normal exceptions that are currently allowed for the current Federal 24month rule that exists. Not too much of a hit actually for investors.
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John Juarez
Fremont, CA
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Olga Simoncelli
New Fairfield, CT
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Signature Homes & Estates
Gilroy, CA
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Eagle Ridge Real Estat...
Gilroy, CA
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Gary Frimann, CRS, GRI...
Gilroy, CA
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The Villages Realty
San Jose, CA
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Doug Dawes
Topsfield, MA
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Shayne Stone
Fulshear, TX
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Ron and Alexandra Seigel
Carpinteria, CA
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Nancy Frimann
Gilroy, CA
2,684,009
Hi, Caroline
"Chris" will probably provide loopholes and exemptions for BlackRock and other corporate institutional investors.
As always, it will be the Middle Class who will lose their hard-earned money.
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Kathleen Daniels, Prob...
San Jose, CA
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John Juarez
Fremont, CA
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Doug Dawes
Topsfield, MA
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Ray Henson
Elk Grove, CA
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Ryan Huggins - Thousan...
Thousand Oaks, CA
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Candice A. Donofrio
Fort Mohave, AZ
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Shayne Stone
Fulshear, TX
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Ron and Alexandra Seigel
Carpinteria, CA
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Steve Higgins
Kelowna, BC
584,631
I say: Another AWESOME reason I live in the GREAT state of TEXAS!!!
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John Juarez
Fremont, CA
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Doug Dawes
Topsfield, MA
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Ray Henson
Elk Grove, CA
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Shayne Stone
Fulshear, TX
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Ron and Alexandra Seigel
Carpinteria, CA
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Joan Cox
Denver, CO
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Steve Higgins
Kelowna, BC
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Fred Griffin Florida R...
Tallahassee, FL
3,169,508
Tax policies and regulations matter. It's something Liz and I considered as we decided where our next homeplace will be. We had the choice of Maryland, Virginia or West Virginia to be close to family. We squeezed into West Virginia by a couple hundred feet :) Hopefully by mid/late next year we'll be there.
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John Juarez
Fremont, CA
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Doug Dawes
Topsfield, MA
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Ray Henson
Elk Grove, CA
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Candice A. Donofrio
Fort Mohave, AZ
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Shayne Stone
Fulshear, TX
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Ron and Alexandra Seigel
Carpinteria, CA
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Kat Palmiotti
Kalispell, MT
2,781,173
When will those who are elected do the bidding of the people? Become good stewards? Good leaders? Attack & solve the obvious problems?
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John Juarez
Fremont, CA
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Doug Dawes
Topsfield, MA
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Richie Alan Naggar
Riverside, CA
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Ray Henson
Elk Grove, CA
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Ryan Huggins - Thousan...
Thousand Oaks, CA
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Shayne Stone
Fulshear, TX
5,868,544
That is sad, and sure hope Colorado doesn't follow suit.
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John Juarez
Fremont, CA
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Steve Higgins
Kelowna, BC
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Doug Dawes
Topsfield, MA
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Ray Henson
Elk Grove, CA
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Shayne Stone
Fulshear, TX
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Ron and Alexandra Seigel
Carpinteria, CA
921,504
That sounds like a real solution for unaffordable housing.
+25%... California just keep voting blue. Maybe you will all be sleeping on the beach soon.
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John Juarez
Fremont, CA
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Doug Dawes
Topsfield, MA
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Ray Henson
Elk Grove, CA
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Candice A. Donofrio
Fort Mohave, AZ
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Shayne Stone
Fulshear, TX
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Ron and Alexandra Seigel
Carpinteria, CA
901,535
Yikes! Seems kind of steep.
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John Juarez
Fremont, CA
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Doug Dawes
Topsfield, MA
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Ray Henson
Elk Grove, CA
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Shayne Stone
Fulshear, TX
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Ron and Alexandra Seigel
Carpinteria, CA
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Joan Cox
Denver, CO
805,899
Thank goodness we've had ours longer than 3 years. lol But when we do sell we will be hit by the taxman in both countries!
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John Juarez
Fremont, CA
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Doug Dawes
Topsfield, MA
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Ray Henson
Elk Grove, CA
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Shayne Stone
Fulshear, TX
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Ron and Alexandra Seigel
Carpinteria, CA
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Joan Cox
Denver, CO
7,836,134
Interesting. I guess this is what to expect in California. Sadly, many other states seem to follow California changes.
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John Juarez
Fremont, CA
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Doug Dawes
Topsfield, MA
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Ray Henson
Elk Grove, CA
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Shayne Stone
Fulshear, TX
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Ron and Alexandra Seigel
Carpinteria, CA
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Fred Griffin Florida R...
Tallahassee, FL
693,775
This is the reason I am leaving California. Politicians, like this, used to be outliers. Now, they are mainstream and do not represent those of us that produce and make the state better. Why would anyone penalize those that work so hard to upgrade a neighborhood? Discretion makes it impossible to tell you how I really feel. 🤬
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John Juarez
Fremont, CA
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Fred Griffin Florida R...
Tallahassee, FL
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Steve Higgins
Kelowna, BC
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Doug Dawes
Topsfield, MA
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Joan Cox
Denver, CO
1,052,211
I say Goddess bless the GREAT state of ARIZONA!
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John Juarez
Fremont, CA
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Doug Dawes
Topsfield, MA
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Ray Henson
Elk Grove, CA
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Anna "Banana" Kruchten
Phoenix, AZ
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Ryan Huggins - Thousan...
Thousand Oaks, CA
5,772,575
Caroline,
We can say whatever we can say, however, with this influence the government? A
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John Juarez
Fremont, CA
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Steve Higgins
Kelowna, BC
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Doug Dawes
Topsfield, MA
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Ray Henson
Elk Grove, CA
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Shayne Stone
Fulshear, TX
5,216,398
When in doubt, "tax it" seems to be the mantra of several politicians who favor policies that buy votes not earn them.
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John Juarez
Fremont, CA
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Doug Dawes
Topsfield, MA
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Ray Henson
Elk Grove, CA
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Shayne Stone
Fulshear, TX
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Ron and Alexandra Seigel
Carpinteria, CA
1,196,798
I say "Get your dirty taxing hands out of my business"...please
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John Juarez
Fremont, CA
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Fred Griffin Florida R...
Tallahassee, FL
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Steve Higgins
Kelowna, BC
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Joan Cox
Denver, CO
6,393,404
I agree with Fred Griffin Florida Real Estate 's thoughts on this.
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John Juarez
Fremont, CA
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Fred Griffin Florida R...
Tallahassee, FL
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Doug Dawes
Topsfield, MA
1,502,998
Yet more anti-"regular guy" policies from the idiots in sacramento. It won't hurt any business like blackstone (they're mostly buy & hold anyways). It'll hurt the regular guy who bought then got relocated or otherwise had to move.
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John Juarez
Fremont, CA
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Fred Griffin Florida R...
Tallahassee, FL
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Doug Dawes
Topsfield, MA
2,182,552
Logic must be Wealth Distribution
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John Juarez
Fremont, CA
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Doug Dawes
Topsfield, MA
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Michael J. Perry
Lancaster, PA
1,311,397
The proposed law will do no good and will harm homeowners whose circumstances change. This proposed law also flys in the face of the Federal Tax Law that allows a seller who has lived two of the last five years in their principal residence to avoid any tax up to $250K or $500K gain.
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Joan Cox
Denver, CO
1,076,551
They don't do anything about tent cities. Nothing about drugs being done on the street. Nothing about property crime. Nothing about theft. They prosecute no one for crime short of murder. They continue to allow overdevelopment of apartment complexes and prevent the building of residential SFR homes. They continue to raise taxes, tolls, and fees.
Then they want 25% if you want to leave. CA is in need of a good old fashioned American tea party.
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John Juarez
Fremont, CA
763,883
That's an incredible way to keep inventory low.
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John Juarez
Fremont, CA