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In reply to the discussion: Kraft Heinz cut expenses too deeply under private equity management, its new CEO says [View all]WSHazel
(672 posts)39. THEY are not the ones messing up the housing market
Trumps 2017 tax bill effectively eliminated the tax deduction for mortgage interest for individual homeowners by increasing the standard deduction. Investor owners still have a tax deduction for mortgage interest, because its a business expense. As a result, an investor owner has advantage on buying a house over a resident homeowner. This is why private equity and a lot of mom and Pop investors own so many homes.
The government should not give investors an advantage over residents in the housing market.
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Kraft Heinz cut expenses too deeply under private equity management, its new CEO says [View all]
BumRushDaShow
Tuesday
OP
Yep, they buy the companies with loans under the companies names. Loans that pay the "Private Equity" owners. Then
LiberalArkie
Tuesday
#8
Wikipedia actually has some other examples that fell on the sword (or are in process of such) of PE firms
BumRushDaShow
Tuesday
#27
Well they are fucking up the housing market for both renters and would be owners.
LuvLoogie
Tuesday
#18
The term "buzz-word world" is so perfect to describe the madness in both private and the business world.
walkingman
Tuesday
#2
Does that mean they're going to rehire all the employees in Pittsburgh that got laid off?
FakeNoose
Tuesday
#6
Some quick googling showed the company started putting a lot of emphasis on AI a couple of
highplainsdem
Tuesday
#12