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Re:Google is saving $1B per year as a result of employees wo... by bobthepanda on Wednesday April 28, 2021 @09:50PM (#26976566)
This assumes the presence of enough office demand to replace a Google sized company in the markets they lease in. It’s not clear that this is true.

US vacancies are projected to be 19.4% nationally. On top of that, there isn’t exactly another Google-sized employer waiting in the wings over in Mountain View.

Re:Google is saving $1B per year as a result of employees wo... by thorwasdfasdf on Wednesday April 28, 2021 @10:30PM (#26976811)
With re-zoning this won't be a problem. Just rezone it to residential. or residential/commercial.
Re:Google is saving $1B per year as a result of employees wo... by astrange on Wednesday April 28, 2021 @10:57PM (#26976932)
There's nothing Mountain View wants to do less than let anyone live there.

Also, because of Prop 13 those people wouldn't be paying property tax in 10 years, much like how everyone living there now isn't paying any, so Google is paying for everyone's schools and sewer systems as is.

Re:Google is saving $1B per year as a result of employees wo... by gabrielsroka on Thursday April 29, 2021 @12:20AM (#26977439)
> because of Prop 13 those people wouldn't be paying property tax in 10 years

I'm not sure what you mean. Prop 13 just caps the annual increase at 2%. I've lived in California and owned property here for 30 years. I pay property taxes.

Re:Google is saving $1B per year as a result of employees wo... by bseidensticker on Thursday April 29, 2021 @12:38AM (#26977522)
If the annual increase is capped at 2% and inflation is >2% then the value reaped by property tax will eventually go to 0.

Similar to how if you rent the same place for long enough and it's rent controlled your rent effectively gets cheaper even though it's going up.

Re:Google is saving $1B per year as a result of employees wo... by jjav on Thursday April 29, 2021 @04:09AM (#26978564)
> If the annual increase is capped at 2% and inflation is >2% then the value reaped by property tax will eventually go to 0.

Asymptotically at infinity, you're not wrong.

I'm probably not living that long though. Meanwhile taxes do go up every year in real money.

Re:Google is saving $1B per year as a result of employees wo... by selectodude on Thursday April 29, 2021 @10:11AM (#26981389)
Taxes go up in nominal money :)
Re:Google is saving $1B per year as a result of employees wo... by throwawayboise on Thursday April 29, 2021 @02:49AM (#26978138)
Can't they game their way around that though by just increasing the assessed the value of the property? That's how my town effectively raises property taxes beyond the statutory limits. Sure you can appeal the assessed valuation but most people don't. It is expensive and time-consuming.
Re:Google is saving $1B per year as a result of employees wo... by astrange on Thursday April 29, 2021 @03:06AM (#26978231)
It’s fixed at the original assessment the last time it was sold, I think. It also applies to businesses, with the result that the car dealership next to me pays less taxes than a new condo. Inheritance does not reset it, meaning the state is effectively living under feudalism.

There was an attempt to fix this for businesses just last year, but it failed because homeowners were convinced it was a plot to get them.

Re:Google is saving $1B per year as a result of employees wo... by underwater on Thursday April 29, 2021 @04:52AM (#26978811)
No, it's fixed at when the house was built. You'll see "renovations" where the entire house minus one wall is demolished, and the new structure built around it. This allows the owners to avoid reassessment.
Re:Google is saving $1B per year as a result of employees wo... by ghufran_syed on Thursday April 29, 2021 @01:48AM (#26977838)
and if inflation is under 2% and the city always increases by the maximum of 2%, then eventually the value of the property tax paid will be infinite, right? How is that analysis useful?
Re:Google is saving $1B per year as a result of employees wo... by adrianN on Thursday April 29, 2021 @02:00AM (#26977895)
If you make property tax a fixed percentage of the value of the property, it automatically adjusts with inflation.
Re:Google is saving $1B per year as a result of employees wo... by tim_hutton on Thursday April 29, 2021 @07:48AM (#26979945)
Imagine how much nicer the cities of the world would become with many of the offices turned into residential. There would be a rebirth of local community.
Re:Google is saving $1B per year as a result of employees wo... by ghaff on Thursday April 29, 2021 @07:59AM (#26980034)
With many of those offices gone, many people simply won't live in those cities. There seems to be an assumption here that people want to live in cities, but that's certainly not true across the board.