Earlier this week, Democratic lawmakers introduced a bill to restrict corporate investor activity in the housing market and drive up costs.

 

Earlier this week, Democratic lawmakers introduced a bill to restrict corporate investor activity in the housing market and drive up costs.  The bill was introduced by Sen. Sherrod Brown (D-Ohio), Sen. Ron Wyden (D-Ore.), and a few others.  The legislation, Stop Predatory Investing Act, aims to prohibit investors who purchase 50 or more single-family rentals from deducting interest or depreciation on those properties.  It also incentivizes investors who sell back their properties back to homeowners or community nonprofits to boost inventory.   Brown said in a statement that the bill puts the power back in the hands of working families looking for a safe and affordable place to stay and raise a family.