[Rhodes22-list] brainstorming

[Todd Tavares]

Finally!  the punchline



----- Original Message -----
From: "Peter Thorn" <pthorn at nc.rr.com>
To: "Rhodes 22 List Members" <rhodes22-list at rhodes22.org>
Subject: [Rhodes22-list] brainstorming
Date: Thu, 18 Aug 2005 19:56:32 -0400

> 
> Stan,
> 
> Recently the Journal of Light Construction published an article 
> about a California builder who imposed a private real estate 
> transfer tax on the buyers of its homes.  The new buyers pays the 
> tax and all the proceeds of this tax go to assist the homeless in 
> the area where the builder operates.  The tax applies to the first 
> buyer and all subsequent buyers of each home enrolled in the 
> builder's private transfer tax program, and is enforceable through 
> a deed restriction on the property.
> 
> The tax was a pretty small percentage amount, based the home's 
> sales price, that initially amounted to about $50 per transaction.  
>   However, as the price of the homes increased over time and as 
> they were subsequently sold and resold (average about once every 5 
> years),  quite a lot of money was raised -- this is high volume 
> builder.
> 
> I am more familiar with real property financing and not so familar 
> with personal property financing, but isn't there a way to "fixture 
> file" to encumber the title of personal property?  If something 
> similar could be done and all the proceeds of a reasonable Rhodes 
> 22 transfer tax applied toward the "marketing and promotion of the 
> Rhodes 22", I would support it.   For example, you could collect 
> all the proceeds and apply it toward boat show expenses, etc.   
> Seems fair to me.
> 
> Maybe there is a property lawyer lurking on this list who could 
> expound on this theory.
> 
> PT
> 
> __________________________________________________
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