Depreciation recature and capital gains

[Ian McDonald]

Hello,

Is it just me or does depreciation recapture and capital gains make real estate seem less lucrative or attractive than it used to?  I'm not to keep on losing 40% of my hard work to the government.  I know 1031's are an option but how do you ever realize your profits if the result is a 25 - 40% loss of the gain?  Pretty disappointing.