Seems like the areas which haven’t crafted legislation yet will eventually do so, so investors are looking at an eventual “getting grandfathered in” reality.

In December, a bill was proposed to NYS legislators to disallow local municipalities from blocking zoning changes.Its happening already in other states including California where former SFR lots (if they meet the size requirement) can be used for MFR properties.

I move all the profits into my IRA tax free and have no worry about the future legislation around 1031whether they keep it or not.

The reasons the rates moved even further down in the mid 30s is the increased demand on treasuries due to the new legislation aimed at stabilizing the banks and requiring that the banks hold government securities as reserves.

Legislation is currently in the works to roll back the setback requirements for ADUs / Casitas in California. 

Trusts are subject to contract law, not legislative law.

.✔ Clueless elected official discusses "feel good" legislation that will have zero impact.✔ Clueless elected official panders to the stupid voters by taking shots at landlords as if 40%-50% increases are normal.✔ Pious charity woman complains about minimum requirements, as if everyone should be allowed to rent even if they can't afford it.✔ Clueless elected official panders to the stupid voters by discussing the need for rent control, which will make the situation worse.✔ Scumbag elected official places blame for the homeless on landlords, knowing full well government policies are to blame for lack of housing.✔ Piece of crap elected official make preposterous statement that landlords can set rent wherever they want and their greed is creating homelessness. 

Every province has its own legislation.

Quote from @Paul Crosby II: I would say it would depend on future legislation.There seems to be a political appetite for increased regulation and reduced profits for lenders and landlords.Hoping we dont get to that pointNew legislation creates new opportunities for grift and corruption (which is why politicians have an incentive to create legislation).

***Not a CPA and no filing tax return experience for others***Barring any changes to legislation, you can invest in a qualified opportunity fund to defer the gain.https://www.irs.gov/credits-de...