Here’s where real estate issues stand in the Build Back Better bill

Senate now weighing fate of billions of dollars in housing funding

The U.S. House of Representatives on Friday greenlighted the roughly $2 trillion Build Back Better Act, meaning the fate of billions of dollars in housing funding is now in the hands of the Senate.

The measure’s approval follows the passage of the $1 trillion infrastructure bill, which represents the largest federal investment of this kind in more than a decade. The larger spending measure has already gone through a series of haircuts, with housing financing among the first areas to get cut back. But the Senate is widely expected to make further changes to the measure, including to the cap on state and local tax deductions known as SALT...
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RSK: More chinks in the armor of real estate investing!

Ken Notes: We are throwing money at everything with no focus on outcomes or return on investment. If America were a business it would fail.



- - Volume: 10 - WEEK: 32 Date: 8/2/2022 10:19:22 AM -