As companies like Meta (formerly Facebook), Google, HTC and others make significant strides in the field of virtual reality (VR), science fiction is becoming a little less fiction. The types of virtual experiences popularized by blockbusters including Tron, The Matrix...
Real Estate
Biden’s Tax Focus Moves From 1031 to New Issues Affecting Real Estate
In July, we wrote about how President Biden’s Green Book had proposed limitations on IRS Section 1031 Exchanges. That focus may have changed recently. It is anyone’s guess which policies from President Biden’s new tax plan will survive Congress, but on September 13,...
White House Introduces Housing Affordability Plan
Earlier this month, the Biden administration unveiled a plan to shift policy in order to expand affordable housing. The administration’s plan comes in response to a severe housing shortage that existed prior to the COVID-19 pandemic and is exasperated by rising lumber...
Supreme Court Ends Federal Eviction Ban
Late Thursday, the U.S. Supreme Court blocked the Centers for Disease Control and Prevention (CDC) from enforcing the Biden administration’s federal eviction moratorium on renters during the pandemic. In an unsigned opinion, the Court wrote: “Congress was on notice...
Real Estate Investing: Strategies To Guard Against Volatility in Materials Markets
2021 represents uncharted waters for individuals who rely on lumber, steel and other building materials in their daily operations. Individuals in all segments of real estate development and construction, from home flippers to commercial and residential real estate...
Biden’s Tax Proposal To Limit IRS Section 1031 Exchanges
You can view an updated version of this article here. Real Estate Investors Beware President Biden’s Green Book was released on May 28, 2021, and the tax reforms include a proposal to limit the deferral of gain on the exchange of real property used in a trade or...
Ohio Allocates $500M to New Programs Focused on Real Estate Development
Gov. Mike DeWine signed into law the budget bill which establishes the Ohio’s state budget for the next two years (July 1, 2021-June 20, 2023). The budget creates several new programs and modifies existing programs that could provide significant financial support to...
White House Extends Eviction Moratorium Through July
The Biden administration has extended the nationwide ban on evictions by a month in an effort to help tenants who are unable to pay rent due to the pandemic. CDC Director Dr. Rochelle Walensky announced Thursday that the evictions moratorium, which had been scheduled...
COVID-19 Property Tax Relief Now Available to Ohio Property Owners
As expected, Governor Mike DeWine signed into law a bill that could provide significant relief for property owners whose property values were impacted by COVID-19 and related government lockdowns. SB 57 gives Ohio real property owners the opportunity to file...
Biden’s Infrastructure Plan Encourages Looser Zoning Rules to Ease Housing Shortage
The Biden Administration is attempting to address a nationwide housing shortage through a “carrot-only” approach to development. Included in the $2.3 trillion infrastructure plan is a roughly $213 billion affordable housing initiative, with a $5 billion grant program...