In fact, it is so good we may be able to one day lower our current increases in maintenance- if we bond together and push.Īnd this all-around creates incentives to sell, increasing the Revenue to pay off the loans. Then we will have an actual GUARANTEE to save this ship from bankruptcy and further astronomical Maintenance Increases. That, Plus, demand that HPD double the “Selling Ceilings.” The 3% is “BS” for this! That is a “For-Profit” standard for “For-Profit-Coops.” We remain “Non-Profit.” Demand a 25%/25% Equal Flip Tax forever(or higher). USING OUR FLIP TAX CALCULATOR, A CLEAR DEFINITIVE OUTCOME CAN BE PROJECTED AND "GUARANTEED!" Now, "Some" loan payments are *potentially* maybe *Allowed,* without "Guarantees" with sprinkled doubt all over the same paragraph.
Therefore, Thank you, CPCT, Sydell and all those adding to discussions that created the first Amendment! We almost voted for the first version. Now the Flip Tax may, possibly, on case by case request, be allowed to pay off loans, at the sole discretion of the HDC. See the Flip Tax Calculator and please experiment with your own numbers before voting. That is where the 3% Flip Tax has to be corrected to an Equally Shared 25%/25% Flip Tax, and higher “Selling Celings” both altogether will offset that disparity for a win-win.
“Family Transfers” cancel out Flip Tax revenue therefore, an added logic tier must be added. The amendment now allows more extended family transfers and permission to “apply for” (Case by Case Basis) Flip Tax Revenue to pay off loans-however, those two together are mutually exclusive. Thank you, CPCT, Sydelle, and others, for pushing this conversation into action through the Booklet, the court case, and your commitment to Transparency! This is certainly a GOOD start.
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