4 ms·
This was by design - the real estate industry lobbies hard.
by game_the0ry 4y ago
This was by design - the real estate industry lobbies hard.
- lotsofpulp 4y agoIn fact, the previous president signed a law removing 1031 exchange for everything except real estate. Coincidentally, the previous president is in the real estate business. https://krscpas.com/the-tax-cuts-and-jobs-act-tcja-and-code-section-1031/ https://krscpas.com/the-tax-cuts-and-jobs-act-tcja-and-code-...
- game_the0ry 4y agoThat's bad, but not as bad as when the commercial real estate lobby asked for a straight up bail out back in '08. > In a letter to U.S. Treasury Secretary Henry Paulson, industry organizations have asked that the $200 billion Term Asset-Backed Securities Loan Facility (TALF) provide guarantees or financing, or purchase highly rated asset-backed securities collateralized by new or recently originated mortgages. https://www.reuters.com/article/us-commercialproperty-idUSTRE4BL3ZD20081222 https://www.reuters.com/article/us-commercialproperty-idUSTR...