Brickbat: Flipped Off

March 15, 2022   |   Tags: , ,

California Assemblymember Chris Ward (D–San Diego) said people who flip houses are contributing to the state's housing problems. He has introduced a bill that would impose a 25 percent tax on the profit from the sale of any house sold within three years of its purchase. Ward said home flippers are driving up housing costs, pricing lower-income people out of the market.

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