“Last year, we were around $120 a square foot (in Mesa). For $250,000, you could get a house around 2,000 square feet. Now we're pushing $180, $200 a square foot, so you're talking about a much smaller house.”
“However, two-party exchanges are rare, because, in the typical 1031 transaction, the seller of the replacement property isn't the buyer of the taxpayer's exchange property.”
