Democrats in the U.S. Senate recently introduced a bill that would restrict some of the tax breaks that big investors are currently receiving for buying homes. This bill is set to have a major impact on real estate investments made by corporations.
The main point of this bill is to reduce tax breaks for individuals or corporations who are already doing well financially. Supporters of the bill expect it to help level the playing field for housing and make more affordable housing options available to all buyers.
The major points of this bill include:
• Restricting tax breaks: Reducing tax breaks for individuals and corporations who are already doing well financially.
• Leveling the Playing Field: Helping to make housing more affordable and accessible to those with lower incomes
• Open Market: Making homebuying more of an open market through removing incentives given to large investors.
You can read this full article at: https://www.housingwire.com/articles/stop-predatory-investing-act-introduced-by-democrats-in-the-u-s-senate/(subscription required)
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