How will a Biden win effect The CRE Industry? please use specific tax and policy examples, not your hot take on the market, charming as it may be.
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[{"id": "gb4y9yi", "text": "If the senate remains in republican control, then a Biden presidency does absolutely nothing.", "replies": [{"id": "gb4yluh", "text": "Presumably you mean - if the republicans remain in control of the senate. That remains to be seen, though it looks likely. This hypothetical assumes Biden has the ability to pass legislation, but I take your point that is not a given.", "replies": [], "depth": 2}], "depth": 1}, {"id": "gb4yro0", "text": "Nothing will happen fast. Your client will have time to make any changes needed if they eventually occur.", "replies": [], "depth": 1}, {"id": "gb51c5s", "text": "Have we gotten any concrete statements that Biden is going to get rid of the 1031? I've only heard innuendos that he'll do it.  \n\n\nEDIT: I've seen the tax plan that eliminates it for those who earn over $400k annually, but haven't seen any overall removal of the 1031.", "replies": [{"id": "gb528xi", "text": "I've not seen anything concrete from the Biden campaign on that. Just statements from others wanting a progressive response to the most recent tax code changes, indicating it would be on the chopping block.\nETA: I feel like I've seen more grief directed at QOZ than 1031. So if anything, especially considering likely gridlock, I would not expect to see a QOZ extension. I'm aware QOZ does not expire during the next 4 years.", "replies": [], "depth": 2}], "depth": 1}, {"id": "gb51xxd", "text": "The best I can offer with no information on Senate or even SCOTUS under Biden... Is that a national mask policy could show better prevention in COVID spreading. Which would likely lead to opening of office product which has largely been closed in big markets like LA, SF, NY, etc. \n\nWe should see building prices rally, leasing rents increase, more sellers, longer lease terms, plenty of new technology surrounding cleaning services should already be in the making. \n\nDue to the high volume of buyers right now and minimal sellers, it should be easier than ever to sell the building now. It just depends on your rent roll if it's still producing.", "replies": [], "depth": 1}, {"id": "gb52uuh", "text": "Biden hasn't said anything specifically RE the 1031 exchange. If the proceeds are already with an accommodator I'd imagine there's very little chance of them facing the capital gains hit. \n\nBillions of dollars run through that mechanism a year, with tons of people having already identified a home for those trades. It would cause insane amount of deals to blow up.", "replies": [], "depth": 1}]