Housing Affordability

The tax code is also very beneficial to these investors. Home depreciation can be taken as a write off. The market value of the property can increase in a given year, but the asset still depreciates and can be a deduction. The owner does not have to invest in improvements or maintenance to get this tax break... and often they don't. If you are a renter you've likely seen this. This loophole has to be closed in the tax code. This will either entice institutional investors to perform improvements as deductions or just get out of the business.

My Fair Minimum Wage will certainly help us get closer to housing affordability and to fight the inflation caused by these investors. In addition to that, we should provide better education for first time buyers on the programs that are available and streamline the process of getting that assistance to them.