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Bernie Sanders Goes After Real Estate Investors

Sen. Bernie Sanders wants a 25% “house flipping” tax  levied against investors who sell a property at a profit within five years of purchase.

He also wants a 2 percent “empty homes tax” on the property value of vacant homes in order to discourage real estate investment.

From Sanders’ Website:

When Bernie is president, he will:

  • Place a 25 percent House Flipping tax on speculators who sell a non-owner-occupied property, if sold for more than it was purchased within 5 years of purchase.
  • Impose a 2 percent Empty Homes tax on the property value of vacant, owned homes to bring more units into the market and curb the use of housing as speculative investment.

READ MORE:  https://berniesanders.com/issues/housing-all/

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