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A comment on Not Saying Winter Is Coming, but Where’s Your Coat?. Parent comment

Re:Not Saying Winter Is Coming, but Where’s Your Coat? by ChuckMcM on Thursday August 04, 2016 @02:48PM (#12227624)
In California there is also the reset in your tax base. So if you sell your house and buy a new one[1] it resets your tax base to the new price. Now renting out your house and buying a new one is a different strategy entirely.

[1] Yes some counties will allow you to "keep" your prop 13 tax rate one time.

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Re:Not Saying Winter Is Coming, but Where’s Your Coat? by muzz on Thursday August 04, 2016 @04:31PM (#12228237)
True but you lose your Sec 121 exclusion for the years you rent it out.
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