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Old 06-26-2008, 11:33 AM   #3
JediKooter
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Join Date: Dec 2004
Location: San Diego via Sausalito via San Jose via San Diego
Quote:
Originally Posted by st.cronin View Post
I would like to get some serious feedback from the fofc crowd on this proposal: Santa Fe is considering levying a 1% tax on home sales in excess of 750,000, and then using this money to fund affordable housing (I'm a little unclear on how this will work). The example the newspaper uses is, a house sold for 800K would owe $500.

So, what are your thoughts?

Wouldn't 1% of 800K be 8K? Great newspaper if they can't even get basic math.
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