Stop Predatory Investing Act to restrict deductions for investors with >50 rentals

[Murray Stokely]

FYI a bill was introduced on Tuesday that would restrict investors who purchase 50 or more single-family rentals from deducting interest or depreciation on those properties from their taxes.

https://thehill.com/business/4...

Likely of interest to some of the folks on this forum..

[Chris Seveney]

@Allan C.

I would counter the point on building doesn’t appreciate

Yes land appreciates but In my neighborhood I bought my lot in 2013 for 500k, today a lot is $600k and new homes in 2013 were 1.2M and the same home today is 1.8m

Goods also increase in value and yes they need to be replaced over time but the current depreciation time is also very low as materials (non electronics) last significantly longer period of time. Basically at 27.5 years we are saying a home built in 1996 has 100% depreciated.

That number should be 50-75 years IMHO