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The Future of the U.S. Real Estate Market (Part 1)

Taken from the January 2012 Intelligent Investor
 
Boosting home ownership rates has been a goal shared by all previous U.S. Administrations. With the housing market still vulnerable, the Obama Administration has been pointing more towards sustainable home ownership. As a part of the ongoing debate on fiscal consolidation, some have raised the question of whether the U.S. should reconsider its role in housing finance. 
The United States has a complex housing finance system with numerous measures that explicitly target home ownership. Most of these measures are indirect/off balance sheet in nature such as providing tax expenditure policies and offering federal credit, insurance and guarantee programs.
These programs are also very expensive, and primarily benefit middle- and high-income households.

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