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.