How the 1031 Exchange Removal Could Skyrocket Real Estate Prices
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Real estate prices, like everything else, are determined by supply and demand. The 1031 exchange promotes real estate investors to sell their properties and buy bigger because they can avoid capital gains taxes.
However, the Biden administration is proposing a removal of the 1031 exchange. While it is still a proposal... if it is removed, it could discourage real estate investors who own lots of properties to sell.
All of this could decrease the overall supply on the market and thus, continuing to keep prices high.
#1031exchange #realestate #investing
