Tech workers are increasingly looking to leave Silicon Valley

Re:Tech workers are increasingly looking to leave Silicon Va... by prostoalex on Monday February 29, 2016 @08:12PM (#11200136)

Is your primary goal here to extract more revenue from timeshare owners and people who own a pied-à-terre? Don't those constitute negligible portion of California real estate market (as opposed to some places like Hawaii, where absentee ownership is significant and property taxes on timeshare / second home owners are very high)?

While it's probably not a bad idea, I don't see it moving the needle much.

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Re:Tech workers are increasingly looking to leave Silicon Va... by dragonwriter on Monday February 29, 2016 @08:16PM (#11200153)

> Is your primary goal here to extract more revenue from timeshare owners and people who own a pied-à-terre?

I'm discussing ways to achieve the goal upthread of insulating people from property tax uncertainty on their primary residence.

I would expect that the larger purpose of that is to allow full-value taxation on all other real property; of which non-primary-residence residential property is a subset (and a fairly small subset, at that.)

Remember that Prop 13 applies to all real property, not just residential property.

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Re:Tech workers are increasingly looking to leave Silicon Va... by ap3 on Monday February 29, 2016 @09:48PM (#11200475)

Biggest issue is it applies to commercial property too

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