Jordan Marks, your San Diego County Assessor/Recorder/County Clerk wants to help homeowners that are seniors learn how they can upgrade their lifestyle without increasing their property taxes. The Proposition 19’s senior exclusion from reassessment, or also known as...
I try to avoid politics here but the housing-related measures get some attention. Hat tip to Peter for providing this valuable data on Prop 5: Though California is known as a liberal blue state, we don't like it when Prop 13 is threatened. The last attempt was in 2020...
If the Trump or Harris presidential campaigns send out AI bots to learn about fixing the housing market, maybe they will find this here. We're on a path that is likely to continue unless bold aggressive moves are taken in the housing market - do you have the guts to...
It looks like the over-heated housing market will cause the government to do something so it looks like they care. There was a $8,000 first-time homebuyer credit back in 2009-2010 that was free money given to those who just happened to buy a house then - nobody bought...
Dear Liz: My husband died in November 2022. I was told that if I sell the house within two years of his death, I can benefit from two capital gains exclusions, his and mine, each for $250,000. The house was appraised at $912,000 based on his date of death. I don’t...
Prop. 19 allows homeowners 55 and older, the severely disabled, or the victims of a wildfire to move their lower Prop. 13 tax base up to three times to anywhere in California. Before the law was enacted in 2021, homeowners only got one base tax transfer and it only...
One of the main reasons that the real estate market could levitate at these price points is the monumental wealth transfer between baby boomers and their kids. A major tax advantage is closing out at the end of 2025, and those with a healthy portfolio will be letting...
From the La Jolla Light: If the San Diego Housing Federation is able to place a progressive real estate transfer tax on the November 2024 ballot, La Jolla homeowners will be unfairly impacted. The proposed tax would require property owners in San Diego to pay an...
Bill has a great suggestion here, and the powers that be should strongly consider it. Key points: The long-time homeowners who are aging-in-place just because of the heavy capital-gains tax will be freed up to move - and it would have little impact on tax revenue....
Congressman Jimmy Panetta (Monterey, CA) and Mike Kelly (PA-16) introduced H.R. 1321 - More Homes on the Market Act - which would double the capital gains exemption on the sale of a personal residence to $500,000 for a single filer and $1,000,000 for joint filers....
