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U.S: Real estate is far from a free market, report says

Posted on 09 January 2013

The federal government spends about $450 billion a year on real estate, a sum that includes direct spending, loan guarantees and tax breaks like the mortgage-interest deduction, according to a report by Smart Growth America, an organization that pushes for so-called smart growth that centers around denser neighborhoods and public transit.
Smart Growth came up with the $450 billion estimate by tallying up the $2.23 trillion in federal real estate spending from 2007 to 2011 (that equates to $450 billion a year over five years)………………………………………..Full Article: Source


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