Senate Democrats take aim at investor home purchases ...Middle East

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Democratic lawmakers introduced a bill on Tuesday aimed at curtailing investor activity in the housing market that can driving up home prices.  The Stop Predatory Investing Act, introduced by Sen. Sherrod Brown (D-Ohio) and Ron Wyden (D-Ore.) and others, would restrict investors who purchase 50 or more single-family rentals from deducting interest or depreciation on those properties from their taxes. “In too many communities in Ohio, big investors funded by Wall Street buy up homes that could have gone to first-time homebuyers, then jack up rent, neglect repairs, and threaten families with eviction,” Brown said in a statement.   “Our bill will help prevent corporate landlords fro

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