San Diego voters rejecting measure that would heavily tax second homes

[LogDog75]

3. I live next to San Diego but if I could have voted I would have voted against it

For the record, I own only one home and that's the one I live in full-time. I don't see the measure as having an impact on providing more housing in the area which was one of the major arguments the measure made. The homes are already sujbect to a property tax and imposing an additional tax on a second home wouldn't, IMO, encourage the homeowners to rent or sell their second home because if they can afford not renting a second home they could easily afford to pay the tax. Also, the amount raised, while in the millions, would only have a minor impact in raising revenue for the city.