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> Or far easier, just eliminate the Section 1031 like-kind exchange I don't agree this is the best way. Section 1031 benefits the usual homeowners as well as t
by amf12 4y ago
> Or far easier, just eliminate the Section 1031 like-kind exchange
I don't agree this is the best way. Section 1031 benefits the usual homeowners as well as the investors. Do you own a primary home and want to upgrade? Too bad because when you sell, you will have less money to buy a bigger house. Most people will opt to upgrade when they can and rent out their old home, which won't solve the supply issue.
- medvezhenok 4y agoSection 1031 does not apply to primary residences, there's the primary residence exemption ($250K per person / $500K per couple) for that. So it would not affect the usual homeowners.