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so the net result of the transfer tax negotiations is that the good part (reducing transfer taxes) is out and the bad part (raising the threshold for local taxes to a 2/3 vote, which in a world of prop 13 makes city budgets even more reliant on destructive fees) is in. jesus

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Dave Rand

@DRand2024

11h

Here is the HJTA “deal” to withdraw TPA. It hangs everyone who cares about transfer tax relief out to dry - including the primary funders of TPA!

7:27 PM · Jun 25, 2026

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Dave Rand

@DRand2024

You nailed it

@ArmandDoma

This is quite literally the absolute worst possible outcome imaginable.

really fucking sucks

Well, HJTA only ever cared about making future taxes hard so it’s not that surprising. They’ll leave it to local pols and businesses to gut transfer taxes.

it's sad the ca legislature just bent over and let them take it

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Wally Nowinski

@Nowooski

Really seems like the developers need better political consultants. Their gambit to make a side deal with the legislature and flip on their coalition partners failed spectacularly.

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Scott Graves

@SHGraves29

And HJTA gets a "win" that they can brag about in their next 100 fundraising letters...

Is this deal thing legally binding? Like once they remove it can the legislature just ignore it? (I’m sure they won’t for political reasons but curious about the process)