Senators Say Corporate Investors Are Driving Up Home Prices
Homes in Sacramento, California.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Democratic senators including Banking Chair Sherrod Brown and Elizabeth Warren want to restrict tax breaks for large corporate investors that buy local homes and often drive up costs.
The Stop Predatory Investing Act would prohibit an investor who acquires 50 or more single-family rental homes from deducting interest or depreciation on those properties.