He doesn't have to move far and away, he can go live to the other side of the San Mateo bridge and pocket at least a million dollars on the house price difference.
And as others have mentioned, there are other mechanisms to defer the tax payment based on the house equity.
The real cruel thing is to lower the bar for the "have" (as in have a house in SV) and higher it for the "have not".
And as others have mentioned, there are other mechanisms to defer the tax payment based on the house equity.
The real cruel thing is to lower the bar for the "have" (as in have a house in SV) and higher it for the "have not".