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

Mission Valley chosen for water treatment plant

Planned Mission Valley Site

San Diego officials say a vacant 17-acre site in eastern Mission Valley is where they plan to build a large purification plant needed for phase two of the Pure Water sewage recycling system.

Construction of phase one, which includes a purification plant in western Miramar, began last year and is scheduled for completion in 2025.

The goal of the multibillion-dollar Pure Water system is to boost San Diego’s water independence by creating a local source and making the city and region less reliant on imported water.

City officials said the Mission Valley site was chosen for the phase two purification plant because it is vacant land owned by the city’s Public Utilities Department, and because an alternate city site considered in Liberty Station is too small.

The Mission Valley site is just north of Interstate 8, just east of Mission City Parkway and just south of IKEA and San Diego State’s new Mission Valley campus.

SDSU plans to build a large river park just north of the new Pure Water site. University officials say they plan to break ground on the river park later this year and complete the project in 2023.

read more at: https://www.sandiegouniontribune.com/news/politics/story/2022-03-03/vacant-mission-valley-site-chosen-for-pure-water-phase-two-purification-plant

Does wood flooring really have to be wood?

Engineered materials gaining in popularity among homeowners as lower-maintenance alternative

Engineered Hardwood: Where traditional solid hardwood is just that — all wood — engineered hardwood has a veneer of hardwood but is composed of several thin layers of backing, mostly plywood, but it could also be fiberboard or unfinished hardwood. According to Pinto, the layers add stability to the overall strength of the material. Where there can be issues with solid hardwood floors contracting and expanding, engineered hardwood’s composition makes that a nonissue. It also comes with different finishes. Urethane and oil finishes are very popular, said Pinto.

Laminate: Like engineered hardwood, laminate planks are layered materials, but instead of a wood top layer, it has a high-definition photographic wood-look layer, complete with graining, and sits above a moisture-resistant, stabilizing base layer topped by a core of high-density fiberboard, all finished in resin.

Porcelain Tile: Porcelain tile planks can resemble wood, even with a textured grain. They come in a variety of styles, colors, and designs — from sleek to rustic. They’re scratch-resistant, stain-resistant and water-resistant.

Read more and entire article at: https://www.sandiegouniontribune.com/lifestyle/home-and-garden/story/2022-02-19/does-wood-flooring-really-have-to-be-wood