Late Stage Capitalism @lemmygrad.ml Virgo @lemmy.world 1 yr. ago

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.
- Goodnight forever
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.
- Permanently Deleted
  
  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.
- Oh boy, that'll show em!
- 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.🤡🤡🤡

You've viewed 8 comments.