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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: John Vosilla who wrote (36252)7/26/2005 5:48:19 AM
From: shadesRead Replies (1) of 306849
 
The wealthy have too much tied up into real estate to let the whole country go down no? the 1031 rules allow you to move from bubble over valued area to undervalued area tax free leaving the poor individual holding the bubble bag no? If they allowed a national collapse then how does the rich Vosilla who sees a peak in real estate in south florida 1031 into other areas not about to fall from bubble popping? If it was going down everywhere, I would not hear about so many wealthy using 1031 - instead they would just be dumping no and paying the tax man? I talked to several richies in west palm who have exchanged overpriced houses into ranches in fly over country that have cows and farmland - why would they do this??
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