Is this the end of 1031 exchange as we know it?

[Luke Rorech]

A article came out this morning by Bloomberg and I have to say, I hate that this was framed as a "Trump tax thing". I'm sure most of congress has utilized as 1031 exchange yet framing it this way will incentivize a lot of people to vote "yes". I know it's supposedly going to be capped at 500k but at the rate appreciation is accelerating, how many people will that even benefit?