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
Green Real Estate Appraiser 