According to new research from Zillow, real estate investors appear to
be flocking to Opportunity Zones in the U.S., where they can receive a
discount on capital gains taxes for investing within certain areas.
The Opportunity Zones program - created with the Tax Cuts and Jobs Act
of 2017 - is intended to revitalize low-income or high-poverty areas by
spurring investments in them. From the tens of thousands of eligible
census tracts, 8,700 areas across all 50 states were ultimately selected
by state governors and certified by the Treasury Department...
...moreRSK: We knew this would happen. If it goes too far and prices rise too high, the benefits may not outweigh the costs and the property program may not do what it is supposed to...
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- - Volume: 7 - WEEK: 15 Date: 12/3/2021 6:21:05 PM -