Prop G: Additional Transfer Tax on Residential Property Sold Within 5 Years of Purchase

Put on the Ballot by Legislature

46% YES
54% NO

Summary

Shall the City impose an additional tax of between 14% and 24% on the total sale price of certain multi-unit residential properties that are sold within five years of purchase or transfer, subject to certain exceptions?

What Your Vote Means

A YES Means If you vote "yes," you want the City to impose an additional tax of between 14% and 24% on the total sale price of certain multi-unit residential properties that are sold within five years of purchase or transfer, subject to certain exceptions.
A NO Means If you vote "no," you do not want the City to impose this additional tax.

Arguments

PRO Proposition G will require speculators to operate by reasonable rules and encourage them to invest in the City for the long term.
CON Prop. G would effectively do is incentivize speculators to keep their buildings empty for at least five years instead of just a year or two -- further reducing the available housing supply and increasing prices.
Prop F
Prop H