New California Law aims to Stop you from Flipping Houses | Ask James Wise 58

Flipping
Is the woke California housing crisis part of the next Cold War in America? The California housing market is as woke as it gets. California’s war on capitalism and private property ownership has just escalated even further with California’s latest woke housing policy proposal. California is a state that has already made evicting tenants illegal for the last three years, California has doubled it’s already highest level of taxation in the USA. California has penalized landlords for leaving their homes vacant due to their inability to evict tenants that don’t pay their rent. Now California’s latest housing proposal aims to shut down the house flipping industry as we know it. California’s latest law aims to penalize those who sell their home within 7 years of purchasing it. In the 58th episode of The Ask James Wise Show, James Wise sounds off on whether or not you should buy real estate in California. If flipping houses in California makes sense for investors. What the California house flipping laws mean for American investors. What the California house flipping tax is trying to accomplish. If the California housing market is in crisis mode or not. If you are wondering if California is a good place to invest in real estate you don’t want to miss this one of a kind show about California housing laws and the California housing crisis. HotlonWiseTV is here for those of you considering leaving California due to the never ending attack on California home owners.

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📺 MENTIONED ON THE SHOW
Assembly bill would tax house flippers, those who sell homes a few years after buying
https://www.latimes.com/business/real-estate/story/2022-03-10/assembly-bill-would-tax-housing-speculation-flippers

How This New California Bill Would Try To Stop ‘Home Flipping’
https://laist.com/news/how-this-new-california-bill-would-try-to-stop-home-flipping

New CA bill would impose 25% gain tax on house flippers who sell within 3 years
https://www.cbs8.com/article/news/local/new-ca-bill-would-impose-25-gain-tax-house-flippers-sell-within-3-years/509-557ac4de-8125-422e-beb3-8162972ef5e0

Man hospitalized after shoving AA battery into his penis
https://nypost.com/2022/02/25/man-hospitalized-after-shoving-aa-battery-down-penis/

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Evictions are Now Illegal in California! Los Angeles Landlords are Outraged | Ask James Wise 54

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