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Updated almost 5 years ago on . Most recent reply

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Ryan Wosick
  • Real Estate Agent
  • Raleigh, NC
19
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How will the election affect real estate?

Ryan Wosick
  • Real Estate Agent
  • Raleigh, NC
Posted

What would a Trump win do for the real estate market? What would a Biden win do? Would either candidate really make an impact on the market or is the market indifferent? 

Moderator Note: Stick to facts or your post will be removed. This is NOT the place for political discussions or commentary about your preferred candidate.

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Bill Exeter
#2 1031 Exchanges Contributor
  • 1031 Exchange Qualified Intermediary
  • San Diego, CA
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1,981
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Bill Exeter
#2 1031 Exchanges Contributor
  • 1031 Exchange Qualified Intermediary
  • San Diego, CA
Replied

Presidential Candidate Biden released his economic/tax plan in March.  The plan included significantly reducing (eliminating) the 1031 Exchange.  Their campaign will tell you that it only affects those who make over $400,000 in a year, but what they do not tell you is that the capital gain triggered by the sale of real estate would be included/counted as part of your income for the year.  It would actually affect more people than what they lead you to believe.  Here is a panel conversation with U.S. Congressman David Schweikert who sits on the House Ways and Means Committee http://go.inland-investments.c... 

  • Bill Exeter
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Exeter 1031 Exchange Services, LLC and Exeter Trust Company
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22 Reviews

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