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$450 bln in Federal subsidies tilt U.S. real estate market toward sprawl

Posted on 10 January 2013

Real estate in the United States, it turns out, isn’t really guided by “the invisible hand” of the free market. In truth, federal policy puts a finger on the scale in a major way. Even apart from the quasi-governmental Freddie Mac and Fanny Mae, the federal government is the single largest investor in the American real estate market.
And according to a new report from Smart Growth America, each year an assortment of subsidies, tax credits, and deductions exerts $450 billion worth of influence on the location and character of American residences and commercial spaces………………………………………..Full Article: Source


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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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