Housing

[MajorRewrite]

A simple and effective way to encourage more apartment development by speeding up allowed depreciation.

Under current law, developers must deduct the cost of building new housing over 27.5 years. That delay erodes the real value of the deduction, raising the after-tax cost of construction and discouraging new housing supply.

The result of this system is that fewer projects pencil out and, thus, fewer homes get built. Which is why, when cost recovery for housing improved in the early 1980s, multifamily construction surged. And when Congress lengthened depreciation schedules a few years later, housing construction collapsed.

Seems like a no-brainer.

 

[ll74]

View attachment 2605667

So answer your own question.

 

[Chernosoth]

The Michigan state government bought and will demolish most of a neighborhood for speculation. There's no agreement to build anything there.

 

[justawnnabewriter]

Santa Fe attempts to tackle affordability with two initiatives related to housing.

First, they’re increasing the minimum wage and tying future increases to the cost of living and local rent:



Second, they’re imposing a 3% tax on home sales on the amount over $1 million (basically a wealth tax):

Shame on them for a wealth tax

 

[dmallord]

The President is holding the highly approved Housing Relief Bill hostage! Yesterday, his press secretary said he was proud to see the bill arrive on his desk and that it was scheduled to be signed this morning.

Lo and behold, he renigged on his promise to sign the bill. Instead holding it hostage for a passage of his voting rights pet project instead. That bill is DOA. It’s failed and doesn’t have enough Republicans supporting it in the Senate.

Another ‘peace deal’ gone bad.

Sorry, house buyers, you aren’t getting White House support today.