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A comment on The Bay Area’s tech boom in historical and social context. Parent comment

Re:The Bay Area’s tech boom in historical and social context by ng12 on Friday July 06, 2018 @03:33PM (#17474430)
What I don't understand is why they can pocket that appreciation. When you sell the taxman should come knocking for all the abatements you've received over the years.
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Re:The Bay Area’s tech boom in historical and social context by refurb on Friday July 06, 2018 @04:35PM (#17474892)
Not sure why CA doesn't do what a lot of cities do. Tell homeowners they can either pay the higher property tax or put a lien on the property, payable when the house is sold (take it out of the appreciation).

I agree it's ridiculous when the people getting tax breaks are the ones that made $1M on their home in a decade.

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