Posts Tagged ‘Tax’
The ‘Exit Tax’ That Can Make Vacant Homes Worth Holding
In a normal market, an empty home is a wasting asset: Equity sits trapped, no rent comes in, and the owner keeps paying property taxes, insurance, maintenance, utilities, and fees. But the math has started to bend the other way in some markets,...
Would Lotto Winner Edwin Castro Get Hit With California Billionaire Tax?
California resident Edwin Castro is the biggest lottery winner of all time, after hitting a $2.04 billion Powerball jackpot in 2022. But would he be liable under a proposed California law to tax the wealth of billionaires?The answer, it turns o...
What to Ask About Mamdani’s Supermarkets, Luxury Home Tax
As a former editor, I am inclined to correct mistakes. On social media, this is like using your fingers to plug a million holes in a crumbling dike.On Twitter (I still call it that), most of the laymen commenting on New York real estate get som...
Coalition Led by Miguel Santana Recommends Mansion Tax Tune-up
If Los Angeles heavyweight Miguel Santana has his way, he’d rob support for a statewide initiative to scuttle the city’s so-called mansion tax by drawing backers for a superior fix.The CEO of L.A.-based California Community Foundation now l...
Getting a Tax Refund? Here’s How It Can Help You Buy a Home
If you’re getting a tax refund this year, here’s something worth thinking about. That money could actually help you get closer to buying a home. It may not be something you’ve factored into your plan yet, but it can give your savings a n...
Buying a Second Home in Monarch Beach: Tax Strategies and Ownership Structures
The Aaronson Group Luxury Coastal Real Estate – OC Buyer Strategy — Monarch Beach Buying a Second Home in Monarch Beach: Tax Strategies and Ownership Structures What are the smartest ownership structures and tax...
What if “Tax the Rich” Applied to Rent-Stabilized Tenants?
A Daily Dirt reader proposed raising income taxes on high-income people in rent-stabilized units.“That would create more revenue and could create enough of a disincentive for those high-earners to move out into better quality housing, thus fr...
Santa Barbara Considers Measure ULA-Like Transfer Tax
Measure ULA is causing headaches for high-end developers and home sellers in Los Angeles, but that pushback isn’t stopping officials in Santa Barbara from pursuing the same options to raise revenue. The Santa Barbara City Council is consider...
