1031 exchange eliminated; what will happen to real estate values and rental rates?

1031 exchange eliminated; what will happen to real estate values and rental rates?

Your taxes will increase $775 Billion dollars according to an analysis by Bloomberg. President Biden has rolled out his proposed tax plan with three major pillars that will impact real estate pros.    1) Elimination of the 1031 exchange provision (or such a low cap...
Long term capital gains, 43.4%, impact on real estate & 1031 exchange

Long term capital gains, 43.4%, impact on real estate & 1031 exchange

President Biden has proposed an increase in long term capital gains from their current 15-20% to 43% for the wealthiest.  This would be the highest tax paid on income.  What is in the new proposal?  What does this proposal mean for real estate?  How will the 1031...
New Proposed tax plan will hit property owners and cost you millions.

New Proposed tax plan will hit property owners and cost you millions.

    I am always amazed at how out of touch our elected officials are with what happens in the real world.  The new tax plan circulating through Congress is no exception with the supposed target high net worth taxpayers, but middle class, small business...
GDP decline 30%, 22 million jobs lost, is this the real story?

GDP decline 30%, 22 million jobs lost, is this the real story?

I always love spring in the Rocky Mountains, to see the pull of the seasons with snow and flowers starting to bloom.  Eventually spring always wins 🙂  If you read the news, it sounds like the world is crumbling with 22 million jobs lost and a predicted 30% GDP...