If you sense your steering isn't working exactly right, you don't hit the gas, you hit the brake.

This is a better (read: local) article about the proposed "flip" tax.http://www.sfgate.com/politics/article/Tax-to-brake-S-F-real-estate-speculation-headed-5558857.phpIt only affects small, rent-controlled multi-family buildings.

The wheels are turning...I like it....just make sure you have the road ahead before you release the brake!

All it means is my decision has been not to take a loan out on those properties  :)Yep, you're quite entitled to deliberately put the brakes on your wealth accumulation. 

The $300,000 brakes down to $3,000 per house for architectural and engineering - that is a great price.

In many companies if you don't tell them to "hit the brakes" you'll find yourself moving up that corporate ladder with no time to pursue RE. 

We put a brake on aquiring property because we wanted to creat rules for the group.

At the last minute a sister of the owner, who is apparently partial heir to the property, put the brakes on the transaction.

.- Not all drivers are bad - in fact most are not, but when you do come across one, you won't be surprised, and hopefully will brake in time.  

I'm just saying, take your time, pump the brakes, and run all the numbers before jumping in too quickly and closing this deal.