- President-elect Joe Biden’s proposals loom ahead of his January inauguration, and real-estate investors are likely to be affected by his plans.
- Biden’s housing plan suggests big changes lie ahead for the real-estate industry, including with regard to foreign investment and affordable housing.
- One major point that concerns real-estate investors is the suggestion of a repeal of the 1031 transfer, a strategy they often use to defer capital-gains tax.
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Joe Biden has been elected the 46th president of the United States. And as he approaches taking office on January 20, his policy proposals suggest some big changes, especially for the real-estate industry, per his housing plan.
Ultrawealthy real-estate investors, middle-class homeowners, and renters in underserved communities, for a start, stand to have their experience with real estate changed by a Biden administration.
Real-estate investors, in particular, aren’t receiving the proposed changes well.