9/12/2022 Flipping Real Estate May Get Flipped… Fast Food Slowed Down with Minimum Wage?
AUTHOR: TOWNEWEALTHMANAGEMENT.NET/BLOG 9/12/2022 Towne Wealth Management BLOG:
Flipping Real Estate May Get Flipped
A New CA bill would impose 25% gain tax on house flippers who sell within 3 years, says CBS 8 San Diego 3/8/2022. Assembly Bill 1771 is designed to change real estate tax policy and discourage some investors from quickly reselling properties like single family homes.
Fast Food Slowed Down with Minimum Wage?
A New California law could raise fast-food minimum wage to $22 an hour, reports CNN 9/5/2022. This occurred when Governor Newsom signed a legislativebill creating a "Fast Food Council" to investigate standards for pay, hours, and working conditions for the state's fast-food workers. Apparently, this affects fast food restaurants having over 26 employees or over 100 locations nationally.
Pundits have suggested that actions like these will help….
keep real estate appreciation down
and
reduce profits in fast food chains.
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