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.