THIS Real Estate Tax Loophole Could Be Stopped and Pop the Real Estate Bubble

source / The Money GPS

The stock and real estate markets are surging higher and higher. With ultra low interest rates, many are borrowing the maximum possible amount they can get to take advantage. After so many years of rock bottom rates, it’s hard to blame them. The challenge here is that whenever there is instability and fragility there is failure. The longer the chaos goes on for, the more people will get sucked in, causing systemic damage. This is inevitable and so people should be aware, ready and prepared.

$GPS

United States Initial Jobless Claims | 1967-2021 Data | 2022-2023 Forecast | Calendar

United States Initial Jobless Claims | 1967-2021 Data | 2022-2023 Forecast | Calendar

The number of Americans filing new claims for unemployment benefits decreased further to 553 thousand in the week ended April 24th from an upwardly revised 566 thousand in the previous week and slightly above market expectations of 549 thousand.

U.S. Sells Debt at 0% Yield for First Time Since Early Pandemic – Bloomberg

https://www.bloomberg.com/news/articles/2021-04-29/u-s-sells-debt-at-0-yield-for-first-time-since-early-pandemic

archive

Stocks Climb in Volatile Trading on GDP, Earnings: Markets Wrap – Bloomberg

https://www.bloomberg.com/news/articles/2021-04-28/asia-stocks-to-edge-higher-bonds-gain-after-fed-markets-wrap

archive

Risk-On Mode

Reflation trade returns as economic confidence surges

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Credit Suisse board considers removal of risk chief | Financial Times

Credit Suisse board considers removal of risk chief

Credit Suisse’s board is considering removing the head of its risk committee ahead of a potentially embarrassing shareholder revolt at the Swiss bank’s annual meeting on Friday, according to people familiar with the situation. Several of the lender’s biggest investors have said publicly they will vote against the re-election of Andreas Gottschling in protest over the twin crises at Greensill Capital and Archegos Capital.

archive

The Rich Find Haven in Dubai, and Luxury Home-Sale Boom Ensues

The Rich Find Haven in Dubai, and Luxury Home-Sale Boom Ensues

The wealthiest home buyers fleeing virus lockdowns for Dubai are still finding bargains aplenty, turning March into the busiest month ever for the emirate’s top-end residential properties. A record 84 properties, each worth 10 million dirhams ($2.7 million) or more, changed hands last month, according to data from real estate consultant Property Monitor.

archive

High End

Sales of expensive residential properties in Dubai hit a record in March

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New York City to Visitors: We Need You – WSJ

New York City to Visitors: We Need You

New York City will spend $30 million on a tourism campaign set to launch in June, aiming to revive a sector that has struggled throughout the pandemic, officials said. “It’s critical that we deliver the message that New York City is open and welcoming visitors once again,” said Fred Dixon, president and chief executive officer of NYC & Company, the city’s official tourism organization.

archive

Manhattan Retail Rents Extend Slide, Showing Covid’s Full Impact – Bloomberg

https://www.bloomberg.com/news/articles/2021-04-21/manhattan-retail-rents-extend-slide-showing-covid-s-full-impact

archive

Biden Proposal Would Close Longtime Real-Estate Tax Loophole – WSJ

Biden Proposal Would Close Longtime Real-Estate Tax Loophole

President Biden’s new economic plan would eliminate a tax break for many real-estate owners that has enabled them to defer paying capital gains on property sales. Closing that tax loophole, which has existed since 1921, is part of his $1.9 trillion spending package for new social programs. The current law allows investors to defer paying tax on real-estate gains if they reinvest the proceeds in other properties within six months of the sale.

archive

Las Vegas is seeing a surge of visitors again: ‘It’s like somebody turned on a light switch’

Las Vegas is seeing a surge of visitors again: ‘It’s like somebody turned on a light switch’

After a year of battling the coronavirus on the front lines, health-care workers Charmaine Lamsin and Dennis Bowman were overdue for a vacation when they spotted a cheap flight to Las Vegas in March. For just $33 per person, the husband and wife could fly from their Seattle home to the entertainment capital of the world, where hotel prices were as unbelievable as the airfare.

SEC Punts Long-Awaited Bitcoin ETF Decision to at Least June – Bloomberg

https://www.bloomberg.com/news/articles/2021-04-28/sec-delays-long-awaited-bitcoin-etf-decision-until-at-least-june

archive

ETHUSD Exchange Rate

ETHUSD Exchange Rate

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

World’s first Dogecoin billionaire has stock hit $11BILLION after Elon Musk dubs self ‘Dogefather’ in crypto boom

World’s first Dogecoin billionaire has stock hit $11B in Musk crypto boom

THE world’s first dogecoin billionaire watched their stock soar to $11BILLION as the “joke” cryptocurrency boomed after Elon Musk dubbed himself the “Dogefather”. Its value rocketed after the Tesla tycoon spoke out ahead of a much-hyped appearance on SNL suggesting he might talk about it on the hit show watched by millions.

Jeff Bezos’ Blue Origin to begin selling tickets for New Shepard

Jeff Bezos’ Blue Origin will soon begin selling tickets for rides on its space tourism rocket

Jeff Bezos’ space venture Blue Origin said in a video released Thursday it will soon begin selling tickets for rides on its space tourism rocket called New Shepard. “Guys, how exciting is this – come on!” Bezos said in the video.

The 1031 exchange has been the best tax deferring strategy the U.S. has ever had. Real estate investors have benefitted to a great degree. More money moving into the stock market. Value stocks have seen more inflows and tech stocks and other growth stocks are also performing well. More money is being pumped in from all sides, creating a massive bull market that apparently will never end as we are on a permanently high plateau. Stimulus driving markets higher.

— APPENDICES —

• The Money GPS: Bitcoin vs Gold: The Great Debate

• The Money GPS: How To Get Rich FAST: Take the Maximum Possible Risk. Collect Profits.

• The Money GPS: How To Invest Making BIGGER Gains and Less Risk! Full Strategy Explained

• The Money GPS: BITCOIN VS. GOLD VS. STOCKS VS. REAL ESTATE

• The Money GPS: Heavy Inflation Commodities Supercycle! How Investors Profit From A Devalued Currency

• The Money GPS: Inflation is Coming, What Can I Do? How To Reduce Your Inflation and Potentially Profit

• The Money GPS: ALERT: The Big Short Michael Burry Gets Visit From SEC! Final Warning Created Panic.

• The Money GPS: This is HOW the Global Economy Can Collapse and How To Prepare

• The Money GPS: Food Shortages, Prices Rising, Commodities Up Sends Chilling Warning About Potential Crisis

• The Money GPS: The Untold Truth About Money. Inside the Failing Financial System Master Plan – Mini Documentary

• The Money GPS: How To Get Out of An Economic Crisis. Action Steps To Excel, Prosper, and Prepare!

• The Money GPS: If You’re Dealing With Unemployment, Wage Cuts, or Crisis THIS Is What You Must Do

• The Money GPS: Who Controls the World? These Organizations, Institutions, and Families Run the Show

• The Money GPS: Rothschild and Rockefeller Team Up With the Vatican! Follow the Money…

• The Money GPS: The Broken Economy Leaving Millions Without A Job! Economic Crisis or Opportunity?

• The Money GPS: BIS Central Banker Admits EPIC Level Crisis Is the Most Likely Result of Global Mass QE

•

— The Money GPS: Swaggystocks.com is an interesting look at retail trading. Cut through all the nonsense and simply look at the data (Instagram Feb 21, 2021)

— The Money GPS: Swaggystocks.com shows you exactly what’s going on with the retail traders. Ignore the garbage on the actual boards and just get the data (Instagram Feb 21, 2021)

— The Money GPS: Bitcoin $240,000? (Instagram Feb 17, 2021)

— The Money GPS: TOP 2 TRADES FOR 2021 (Instagram Feb 15, 2021)

— The Money GPS: Commodities for 2021 — Boom or bust? (Instagram Feb 14, 2021)

— The Money GPS: Leave your emotions at the door investing is strictly business (Instagram Feb 13, 2021)

— The Money GPS: Clubhouse. Get in the app because I’m planning on going live daily. (Instagram Feb 13, 2021)

— The Money GPS: Brandon Dawson. One guy to watch out for as an investor to see what he’s doing and compare. (Instagram Feb 12, 2021)

— The Money GPS: REAL Unemployment Rate 10% (Instagram Feb 11, 2021)

— The Money GPS: Zoom out and see what you’re doing objectively (Instagram Feb 7, 2021)

— The Money GPS: SPAC IPO trend getting out of hand (Instagram Feb 6, 2021)

— The Money GPS: Citadel made lots of money from the retail traders (Instagram Feb 5, 2021)

— The Money GPS: Oil, commodities rising. Price will impact consumers. (Instagram Feb 5, 2021)

— The Money GPS: GME and AMC attracted many buyers. Illiquid stocks/micro cap stocks are now trendy. Be careful. (Instagram Feb 4, 2021)

— The Money GPS: Silver rockets higher (Instagram Feb 2, 2021)

— The Money GPS: Silver squeeze next? (Instagram Jan 31, 2021)

— The Money GPS: ETF loses 80% of assets! (Instagram Jan 31, 2021)

— The Money GPS: The Fed will not pop the bubble (Instagram Jan 30, 2021)

— The Money GPS: Wall Street Bets on Reddit is adding millions of people. Retail traders needed to keep the prices going higher. (Instagram Jan 30, 2021)

— The Money GPS: Jim Cramer says don’t go for grand slam. What do you think? (Instagram Jan 29, 2021)

— The Money GPS: Robinhood caps hot stocks like #gme to 1 share! (Instagram Jan 29, 2021) – archive

— The Money GPS: STOCK MARKET TUMBLES as GME soars (Instagram Jan 29, 2021)

— The Money GPS: Find a company you thought was no longer in business, buy some shares, get rich quick. Is that what’s seriously happening right now?! (Instagram Jan 29, 2021)

— The Money GPS: Hedge your bets like @mcuban ? (Instagram Jan 28, 2021)

— The Money GPS: Fed won’t pull the plug right? (Instagram Jan 25, 2021)

— The Money GPS: Delaying the inevitable pain. (Instagram Jan 25, 2021)

— The Money GPS: Money flooding into stocks (Instagram Jan 24, 2021)

— The Money GPS: 2 ears, 1 mouth — use in that ratio. (Instagram Jan 23, 2021)

— The Money GPS: Buy the biggest shorts? (Instagram Jan 23, 2021)

— The Money GPS: Investing legend says bad things are coming because paper printing does not create an economy. (Instagram Jan 22, 2021)

— The Money GPS: The purpose of big tech is to absorb your data. Not to provide a service and later take advantage of you. Look up In Q Tel. (Instagram Jan 21, 2021)

— The Money GPS: Moving south? (Instagram Jan 21, 2021)

— The Money GPS: Bitcoin going higher? (Instagram Jan 20, 2021)

— The Money GPS: Janet Yellen will you go “big”? (Instagram Jan 19, 2021)

— The Money GPS: Time to move? (Instagram Jan 19, 2021)

— The Money GPS: Never stop (Instagram Jan 18, 2021)

— The Money GPS: Invest in yourself first (Instagram Jan 18, 2021)

— The Money GPS: BITCOIN HITS $40,000 (Instagram Jan 7, 2021)

— The Money GPS: To get where you want to be, you have to know where you are now. (Instagram Jan 4, 2021)

— The Money GPS: Aim Higher (Instagram Dec 17, 2020)

— The Money GPS: Never lose money (Instagram Dec 16, 2020)

— The Money GPS: Master one thing before moving on. Know where you are in the cycle. (Instagram Dec 15, 2020)

— The Money GPS: Be a better investor | How to be a better investor. Window shop! (Instagram Dec 12, 2020)

— FOOTNOTES —

The Money GPS on Twitter: “Wake up to the suits and ties. They’re all lying to you. None are your friends. None wish to help you. Wolves in sheep clothing. More distractions than ever before. The magician always makes a spectacle to hide the trick. / Twitter”

Wake up to the suits and ties. They’re all lying to you. None are your friends. None wish to help you. Wolves in sheep clothing. More distractions than ever before. The magician always makes a spectacle to hide the trick.

The Money GPS on Twitter: “CHINA SAYS BITCOIN AN “INVESTMENT ALTERNATIVE”. Consider the possibility of a country or central bank dumping 1% of their U.S. Treasuries to buy Bitcoin. If others followed? Not suggesting will happen. I’m just discussing the implications, if any. #bitcoin #crypto #china #CBDC pic.twitter.com/JVCnwV2vI2 / Twitter”

CHINA SAYS BITCOIN AN “INVESTMENT ALTERNATIVE”. Consider the possibility of a country or central bank dumping 1% of their U.S. Treasuries to buy Bitcoin. If others followed? Not suggesting will happen. I’m just discussing the implications, if any. #bitcoin #crypto #china #CBDC pic.twitter.com/JVCnwV2vI2

The Money GPS on Twitter: “”HIGH RISK” #HOUSING MARKET. So what will be done? Nothing. #Mortgage rates near record lows. “Blind” bidding. Artificially low listing prices purposely used to generate euphoria and overbidding to increase sales commission. This is the biggest #bubble and it’s not just #Toronto pic.twitter.com/vQvu8gGByK / Twitter”

“HIGH RISK” #HOUSING MARKET. So what will be done? Nothing. #Mortgage rates near record lows. “Blind” bidding. Artificially low listing prices purposely used to generate euphoria and overbidding to increase sales commission. This is the biggest #bubble and it’s not just #Toronto pic.twitter.com/vQvu8gGByK

The Money GPS on Twitter: “”Fed Sounds Alarm on Commercial Real Estate, Business Bankruptcy” Nothing to see here folks. Market is doing well. Stimulus is all that matters. The Fed loves us all. Ignore all negative news and hate anyone who highlights that which is clearly a major issue #realestate #bubble pic.twitter.com/IRDsy53G5A / Twitter”

“Fed Sounds Alarm on Commercial Real Estate, Business Bankruptcy” Nothing to see here folks. Market is doing well. Stimulus is all that matters. The Fed loves us all. Ignore all negative news and hate anyone who highlights that which is clearly a major issue #realestate #bubble pic.twitter.com/IRDsy53G5A

The Money GPS on Twitter: “IF THEY WILL FIGHT OVER PLAYSTATION…What would they do for food? #ps5 #PlayStation5 #playstation #ps5fight #walmart pic.twitter.com/hbimVKzeta / Twitter”

IF THEY WILL FIGHT OVER PLAYSTATION…What would they do for food? #ps5 #PlayStation5 #playstation #ps5fight #walmart pic.twitter.com/hbimVKzeta

— PLAYLISTS —

• The Amazon GPS – Mini YouTube eCourse

• The Money GPS – How To and Solutions

• The Money GPS Easy eCourse

• How To Fix the Economy

How To Fix the Economy – Introduction

How To Fix the Economy – Bailouts

How To Fix the Economy – Food

How To Fix the Economy – Central Bank

How To Fix the Economy – Manufacturing

How To Fix the Economy – Financial Markets

How To Fix the Economy – Media

How To Fix the Economy – Overseas Investment

•

The Money GPS on Twitter: “Going live on #clubhouse at 11am PST / 2pm EST. Make sure to follow me on there and turn the notification bell on so it will pop up when I start the room. I gave away all the invites I had and will give more away as soon as I get them. pic.twitter.com/kF9UV6euK0 / Twitter”

Going live on #clubhouse at 11am PST / 2pm EST. Make sure to follow me on there and turn the notification bell on so it will pop up when I start the room. I gave away all the invites I had and will give more away as soon as I get them.

— The Money GPS: Clubhouse. Get in the app because I’m planning on going live daily. (Instagram Feb 13, 2021)

The Money GPS on Twitter: “The Money GPS Financial Education 101 coming soon.100% free eCourse for you to learn from but for those who already know the content, this is perfect to share with others. I’m creating this course for people specifically to get the foundation #money #moneyGPS #financialeducation pic.twitter.com/nzqVVSSorT / Twitter”

The Money GPS Financial Education 101 coming soon.100% free eCourse for you to learn from but for those who already know the content, this is perfect to share with others. I’m creating this course for people specifically to get the foundation #money #moneyGPS #financialeducation pic.twitter.com/nzqVVSSorT

HOW TO MAKE MONEY ON AMAZON – FREE eCOURSE:  http://TheAmazonGPS.com

LOOK THROUGH MY BOOKS! http://books.themoneygps.com

SUPPORT MY WORK: https://www.patreon.com/themoneygps

PAYPAL: https://goo.gl/L6VQg9

OTHER: http://themoneygps.com/donate

AUDIOBOOK: http://themoneygps.com/store

T-SHIRTS: http://merch.themoneygps.com

MY FAVORITE BOOKS: http://themoneygps.com/books

Sources Used in This Video: http://bit.ly/TheMoneyGPSSources2021

The Money GPS is the most active, most informative channel in the financial world. Day after day, breaking down the data and making it easy to understand. This channel is not here to help build a portfolio, give stock picks, or financial advice. It’s simply data that is generally not found through conventional means.

#money​ #finance​ #realestate

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