The Daily Populous

Thursday July 13rd, 2023 morning edition

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Democratic lawmakers introduced a bill Tuesday aimed at curtailing investor activity in the housing market that can drive up home prices.

The Stop Predatory Investing Act, introduced by Sens.

Sherrod Brown (D-Ohio), 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.

Investors’ share of the housing market dropped by a record amount in the first quarter of the year, accounting for just 18 percent of purchases, data from real estate brokerage Redfin shows.

Despite their declining share, investor presence in the market can still create challenges for buyers, especially for those looking for starter homes, Redfin senior economist Sheharyar Bokhari said in May.

“Investors have gravitated toward more affordable properties due to still-high housing costs and rising mortgage rates, which has left first-time homebuyers with fewer starter homes to choose from,” Bokhari added.

Redfin noted the data could also include purchases made through a family trust for personal use. »

Lawyers with supreme court business paid Clarence Thomas aide via Venmo

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Several lawyers who have had business before the supreme court, including one who successfully argued to end race-conscious admissions at universities, paid money to a top aide to Justice Clarence Thomas, according to the aide’s Venmo transactions.

Vasisht’s Venmo account – which was public prior to requesting comment for this article and is no longer – show that he received seven payments in November and December 2019 from lawyers who previously served as Thomas legal clerks.

Consovoy clerked for Thomas during the 2008-09 term and was considered a rising star in conservative legal circles. »

Kentucky man finds over 700 Civil War-era coins buried in his cornfield

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A Kentucky man got the surprise of his life while digging in his field earlier this year: a cache of over 700 coins from the American Civil War era.

The "Great Kentucky Hoard" includes hundreds of U.S. gold pieces dating to between 1840 and 1863, in addition to a handful of silver coins.

Just one of these coins can go for six figures at auction, and the Great Kentucky Hoard boasts 18 of them. »

Birds have learned to use 'anti-bird' spikes to build their nests

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Birds have learned to use 'anti-bird' spikes to build their nests Birds are stealing the spikes designed to stop them nesting on buildings and using them to build their own nests - behaviour researchers describe as the "ultimate adaptation" to city life.

Birds are stealing anti-bird spikes put up by humans - and using them to build their nests.

Magpies had ripped about 50m of anti-bird spikes from the hospital building and used them to build a huge nest of 1,500 spikes. »

Gone in 60 seconds: At FBI director hearing, Republican conspiracies about Biden go 'POOF!'

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Gone in 60 seconds: At FBI director hearing, Republican conspiracies about Biden go 'POOF!'

Buck continued: “And you were then nominated by Republican President Donald Trump to be the FBI director and again confirmed by a Republican Senate for that position?”.

Before you even get into details of the conspiracies, you have to believe the FBI director at the center of it all is corrupt. »