Within the Summer 2023 edition of Realtor Magazine, their chief economist has an article displayed, titled Good Time for Investors to Unload; about two minutes to read the entire article.
The last sentence is as follows: "The National Association of Realtors is calling for a federal incentive to help bring needed inventory to the market: temporary capital gains relief for investors who sell to a first-time buyer or first generation buyer."
The necessary legislation is needed quickly, because Democrats, at least in California , will soon begin the process of the state government taking ownership of plenty of residential real estate. The below-market rents the state will collect will still be far greater than what current owners pay to government in the form of property taxes. Democrats will label this as a "win-win situation."
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