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More unaffordable housing? Biden's 1031 Exchange for <$500k proceeds will encourage investors & corporations to go after single family homes, condos.

Anyone else think it's a mistake and will make buying a home even more difficult? Instead of investors and corporations buying multifamily real estate they'll just compete with first time home buyers and small investors by buying up more single family homes to take advantage of the 1031 tax deferral.

submitted by /u/iisirka
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source https://www.reddit.com/r/RealEstate/comments/n1iiej/more_unaffordable_housing_bidens_1031_exchange/
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