Besides the potential of eliminating the "step-up" basis killing the 1031 could be extremely detrimental to CRE and seeing a rebound to the economy.  

Yeah for sure, I imagine it would take anyone some time to rebound after this type of event.

@Julien AmparanFrom most of the research I’ve found and insiders I’ve talked to there will most likely be a rebound once the market cools off and cost of building stabilizes, but that we are NOT in a bubble, and therefore won’t see a crash.

Housing construction rebounded in May, continuing a recent volatile ride as builders try to find their footing in a post-pandemic economy.

Cities are still rebounding and travel outside the US has been harder.

Who knew vacation destinations were the last to rebound in a downturn?

Bolivar Pennisula, TX is rebounding, albeit completely different from pre-Ike 13 years ago.In the Flip side, housing that can be put back in service quickly, may be renting and selling at above market with premiums due to so many residences lost or off-line. 

I am not going to do the exact math, but if you put $100k into Coke during that period you could keep your money there for a long time and sleep every night because Coke and almost every other stock rebounded within a few days and as of today you would have about $190,000, or 90% return on your money in less than 1 years.

Boston's apartment rental market seems to be rebounding from its 2020 slump, as the market absorbs 43% of vacant inventory since March.  

When it rebounds, I sell and park that money back on my line until another opportunity presents itself.