What I'm Reading Here We Go Again: After being thwarted last year, the Biden administration is going after 1031 exchanges again in its proposed fiscal budget for 2023. That said, the proposal will meet strong opposition (again) and I sort of doubt that there is appetite for this in a...
June 23rd – Out of Harm’s Way
What I'm Reading Sticker Shock: Non-transitory inflation could provide some benefit to owners of existing buildings that would help offset more expensive debt. Higher input prices for construction could, in theory, limit supply growth in every real estate sector, even as demand grows, which would help support the recovery in...
May 4th – Deep Freeze
What I'm Reading Deep Freeze: If the Biden tax plan is passed in its entirety, it would likely result in an initial rush to sell properties most impacted before the changes take effect, followed by a substantial drop in the number of property sales and less market liquidity. Commercial Property...
May 3rd – Chopping Block
What I'm Reading Chopping Block: The credit tenant net lease sector will be particularly hard-hit if the 1031 exchange is eliminated as proposed in the Biden tax plan. Globe Street Passed Along: Skyrocketing lumber prices have added $36k to the price of new homes, according to the NAHB. Housing Wire...
April 26th – Diamond Hands
One Big Thing One universal rule that becomes even more apparent when raising young children is incentives - whether positive or negative - drive everything. Tell a kid to clean her room and you may get an attitude. Promise her a reward of some sort if its clean for a...
January 20th – Coming Into Focus
What I'm Reading Coming Into Focus: With COVID-19's resurgence, the early days of the Biden Administration will likely have a heavy focus on health and economic stabilization with an emphasis on infrastructure as well. As a result, it is less likely that proposals to narrow or eliminate 1031 exchanges will...