Hi ,
If you have been reading THE PAPER SOURCE JOURNAL you know that I have often warned that Biden's caregivers want to do away with 1031 like-kind real estate exchanges. Their $1.8 trillion “American Families Plan” would effectively eliminate most real estate exchanges, and that would do great
damage to our economy (so much for “American families”).
Exchanges encourage real estate activity and are therefore a powerful stimulator of national, state, and local economies. People who use them range from owners of rental houses, small apartment buildings, commercial properties, small businesses, and most farmers. Given the administration’s desire to raise federal capital gains tax rates to 43% and eliminate the stepped-up basis, 1031 exchanges are indispensable to a
healthy economy.
Have you discovered The Paper Source Facebook discussion group Real Estate Note Investing? It has over 4,000 members and growing! You can ask and answer questions,
buy and sell notes, and more. There's no cost to join.
Alison and I recently started a talk show on a popular radio station in the Texas Hill Country. We discuss everything from investments, politics, and conspiracy theories to music, wine, sports, and UFOs. It's broadcast live on the radio and the internet. Join us on Saturday mornings at 9:00 am Central Time!
Appeals Court Rejects Bid by Landlords to Resume Evictions
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The ruling from the D.C. Circuit Court of Appeals is the latest twist in a multifront legal challenge to the eviction freeze that was enacted by federal public health officials as a way to keep financially distressed renters in their homes and out of crowded homeless shelters during the coronavirus pandemic.
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Housing Providers Seek SCOTUS Ruling
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Plaintiffs in a lawsuit seeking to end the CDC's nationwide eviction moratorium said they’ll take their case to the Supreme Court. The moratorium is set to expire June 30 if there are no further extensions, but it has faced a growing number of legal challenges from housing providers.
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Homeowners See Nearly 20% Equity Jump in a Year
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Existing homeowners may be feeling richer since they’ve received a notable boost to their home equity over the last year. Homeowners with a mortgage have seen their equity climb nearly 20% year over year, according to a new report from CoreLogic, a real estate research firm.
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It’s a Red-Hot Real Estate Market — So Why Are Home Sales Plunging?
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The number of existing home sales plunged in April, surprising economists who had expected last month’s drop to moderate. Existing home sales fell from an annualized 6.01 million to 5.85 million, the National Association of Realtors said recently. The consensus had been for a tiny uptick to 6.02 million.
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Fast-Cash House Flippers Flood Poor Neighborhoods in the U.S.
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Unlike fix-and-flip investors, who take title to homes, renovate them and put them back on the market, wholesalers typically negotiate with homeowners just to put homes under contract and sell those contracts to flippers.
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