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Close that real estate deal in San Fran by December 17 or you will pay more in taxes.
San Fran loves taxes. "San Francisco voters approved a measure Tuesday that increases the real estate transfer tax from 1.5 percent to 2.5 percent for properties that sell for more than $10 million. For deals between $5 million and $10 million, the tax will bump up a half a percentage point, from 1.5 percent to 2 percent."
Another reason California is in a Depression, the tax on selling real estate is high and getting higher in several places, San Fran is for the very rich and the homeless, few others can afford to live in this expensive city.
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San Fran loves taxes. "San Francisco voters approved a measure Tuesday that increases the real estate transfer tax from 1.5 percent to 2.5 percent for properties that sell for more than $10 million. For deals between $5 million and $10 million, the tax will bump up a half a percentage point, from 1.5 percent to 2 percent."
Another reason California is in a Depression, the tax on selling real estate is high and getting higher in several places, San Fran is for the very rich and the homeless, few others can afford to live in this expensive city.
More...