Comments by "jacq danieles" (@jacqdanieles) on "Investment Companies Pricing Out Homebuyers" video.

  1.  @MeltingRubberZ28  you're a landlord & you follow this closely? So why lie about it? Biden Proposal Would Close Longtime Real-Estate Tax Loophole President’s economic plan would end deferred capital-gains payments on property sales WSJ "President Biden’s new economic plan would eliminate a tax break for many real-estate owners that has enabled them to defer paying capital gains on property sales. Closing that tax loophole, which has existed since 1921, is part of his $1.9 trillion spending package for new social programs. The current law allows investors to defer paying tax on real-estate gains if they reinvest the proceeds in other properties within six months of the sale. The deals are known as 1031 exchanges, named for the section in the U.S. tax code. The Biden proposal would abolish 1031 exchanges on real-estate profits of more than $500,000."
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  2.  @MeltingRubberZ28  where do you get "Biden lowerered the 1031 rate to 500K"?
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  3.  @MeltingRubberZ28  nope. Try reading it again. And if your argument is that the proposed legislation is causing investors to buy lower priced properties, then how do you account for this happening last year?
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  4.  @MeltingRubberZ28  aw, shucks. Imagine my surprise.
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