Eric Young reports on a "Stop the Flip" ordinance that will appear on the November ballot in San Francisco.
"[The] proposal would impose a steep transfer tax on people who buy and sell multi-unit buildings within a five-year period. The rate starts at 24 percent if the sale takes place in the first year and lowers to 14 percent after five years," reports Young.
"The ballot measure includes exemptions for single-family homes, condos or owner-occupied tenants-in-common units."
As San Francisco has proven time and time again, change is likely to provoke public opposition. In this case: "Opposition is likely to come from property owners. Some opponents also point out that rather than slowing or leveling out property prices the measure could drive up prices if it leads to fewer buildings available for sale."
FULL STORY: Voters could slam S.F. house flippers with major tax

Maui's Vacation Rental Debate Turns Ugly
Verbal attacks, misinformation campaigns and fistfights plague a high-stakes debate to convert thousands of vacation rentals into long-term housing.

Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.

In Urban Planning, AI Prompting Could be the New Design Thinking
Creativity has long been key to great urban design. What if we see AI as our new creative partner?

Portland Raises Parking Fees to Pay for Street Maintenance
The city is struggling to bridge a massive budget gap at the Bureau of Transportation, which largely depleted its reserves during the Civd-19 pandemic.

Spokane Mayor Introduces Housing Reforms Package
Mayor Lisa Brown’s proposals include deferring or waiving some development fees to encourage more affordable housing development.

Houston Mayor Kills Another Bike Lane
The mayor rejected a proposed bike lane in the Montrose district in keeping with his pledge to maintain car lanes.
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