I think JD Vance is a sellout with absolutely no principles, turning his back on his ideals to ride Trump’s coattails, but this doesn’t really strike me as anything outrageous.
Some tech bros have reinvented the wheel yet again, this time by making an app centered on 1031 ‘like-kind’ transactions, which is already big in agriculture (trade land for cash in a transaction that isn’t a taxable event and maintain the rights to farm on it). It’s pretty popular because often, there’s a generational rift where someone’s kids don’t want to farm, so they use the land as a retirement vehicle and cash out, but I digress. They’re basically the ‘we buy ugly houses’ version of that hooplah.
We have very lax laws in regard to foreign investors purchasing real estate or investing in securities, and they don’t seem to be soliciting foreign investors. Foreign companies don’t normally solicit American investors but if you have mutual funds in your 401k you probably hold BABA and BIDU. It’s a privately traded company so one must be an Accredited Investor, last I checked the biggest hurdle for that is net worth >$1MM.
Don’t get me wrong, I think people in office should divest from most things including bonds (policy can affect yields) but this seems a little bit less scummy than Door Dash (those guys are blood sucking parasites for small restaurants)
I’m in Ohio and I voted against him, but if you are involved in real estate even a little you’re definitely going to be selling some property to a foreign investor.
I think JD Vance is a sellout with absolutely no principles, turning his back on his ideals to ride Trump’s coattails, but this doesn’t really strike me as anything outrageous.
Some tech bros have reinvented the wheel yet again, this time by making an app centered on 1031 ‘like-kind’ transactions, which is already big in agriculture (trade land for cash in a transaction that isn’t a taxable event and maintain the rights to farm on it). It’s pretty popular because often, there’s a generational rift where someone’s kids don’t want to farm, so they use the land as a retirement vehicle and cash out, but I digress. They’re basically the ‘we buy ugly houses’ version of that hooplah.
We have very lax laws in regard to foreign investors purchasing real estate or investing in securities, and they don’t seem to be soliciting foreign investors. Foreign companies don’t normally solicit American investors but if you have mutual funds in your 401k you probably hold BABA and BIDU. It’s a privately traded company so one must be an Accredited Investor, last I checked the biggest hurdle for that is net worth >$1MM.
Don’t get me wrong, I think people in office should divest from most things including bonds (policy can affect yields) but this seems a little bit less scummy than Door Dash (those guys are blood sucking parasites for small restaurants)
I’m in Ohio and I voted against him, but if you are involved in real estate even a little you’re definitely going to be selling some property to a foreign investor.