Assembly bill would tax house flippers

AB 1771 aims to reduce housing speculation by investors, free up properties for individual home buyers

House flippers could be taxed 25 percent 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.

read more at: https://www.sandiegouniontribune.com/news/politics/story/2022-03-09/housing-speculation-bill

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