1 yr. ago • 95%

Senate dems take aim at investor home purchases

thehill.com Senate Democrats take aim at investor home purchases

Democratic lawmakers introduced a bill Tuesday aimed at curtailing investor activity in the housing market that can drive up home prices. The Stop Predatory Investing Act, introduced by Sens. Sher…

8 comments

Wake me up when humans are only allowed to own one home and corporations none.

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- Goodnight forever
  
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The Stop Predatory Investing Act, introduced by Sens. Sherrod Brown (D-Ohio), Ron Wyden (D-Oregon) and others, would restrict investors who purchase 50 or more single-family rentals from deducting interest or depreciation on those properties from their taxes.

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- Permanently Deleted
  
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  Even at 50, you already know that there's gonna be political pundits fearmongering about how Big Government is coming to take away your house or whatever.
  
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- Oh boy, that'll show em!
  
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- Lmfao 50 is the upper bound of what petty bourgeoisie TikTok passive income sigma landlords own. I'm going to go out on a limb and guess that large property management companies will continue to enjoy the tax benefits of commodifying housing.🤡🤡🤡
  
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