BigOrangeMojo
The Member in Miss December
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- Jan 24, 2017
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Like Mojo @BigOrangeMojo I dont think this will pass. It feels like red meat to his covetous base.
In the rare event it became law, it would further slow inflation (my opinion). It would also dramatically increase the participation in cap gains tax avoidance or deferment strategies. It would decrease the supply of homes for sale which would continue to drive up prices...think of investment properties, not residential, which investors would simply hang on to.
If there is a way to convert retirement instruments to tax free people will rush to do that, too. Hopefully mojo can comment.
Yeah, pretty much nailed it. I have nothing else to add.
You'd likely see more short term shocks in the equity markets since there'd no incentive to hold long term...
Entities that assist with 1031s would make a mint.