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 released today 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).
Here’s the breakdown of the $2.23 trillion:
Read more...Real Estate Is Far From a Free Market, Report Says - Developments - WSJ
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.