Illinois | 420c - 1/17/2021 11:07
Cheap interest is making it easier to buy and finance land and other capitol purchases. It inflates the price of assets. If Biden' s proposal would become law, what would be the effect on the land market and other capitol assets. For those over the proposed estate tax exemptions, would you still consider buying farmland? Interested in others thought. TIA
It would sink the price of farmland and other real estate.
70% tax on asset for the baby boomer generation will make them question if it's worth keeping the asset or just sell it and walk away with what's left. If that generation isn't buying it will have to be at a price point the next ones can afford.
Taxation will force the sale |
Biden estate tax
