Secret #69 – NAR Considers Landlord-Ownership to be "Home Ownership"

When NAR says they’re fighting for “homeownership,” it seems they’re often fighting for landlord ownership which, mathematically, lowers the real home ownership rate. 

For example, the 2017 tax bill removed the 1031 Exchange tax break for most kinds of personal and business property (machinery, trucks, etc.), except for real estate. Some industry insiders say it was the lobbying of the National Association of Realtors that saved the 1031 Exchange for landlords of single-family houses.

Remember when you hear that NAR is fighting for “homeownership” that they may be fighting for investor tax breaks that increase landlord ownership and lower live-in home ownership.