What I'm Reading It's Official: The Biden tax proposal includes getting rid of the 1031 for gains of over $500k, taxing carried interest as earned income and eliminating the stepped up basis. Obviously, this is the first offer in a negotiation but if even a small amount of these proposals...
April 14th – Scapegoat
What I'm Reading Scapegoat: Luxury housing developments are often vilified by NIMBYs. However, they play an important role in the housing ecosystem. In a market that is functioning properly, today's new luxury unit is tomorrow's move-up and, if not enough new units are built, the fixed housing supply gets bid...