Tuesday, September 3, 2013
$450 Billion in Federal Subsidies Tilt U.S. Real Estate Market Toward Sprawl | Streetsblog Capitol Hill
$450 Billion in Federal Subsidies Tilt U.S. Real Estate Market Toward Sprawl | Streetsblog Capitol Hill: "Overall, the report suggests, federal real estate interventions undermine market trends toward the development of more walkable places. About 85 percent of federal housing subsidies flow to single-family housing over multi-family, although only 65 percent of American households are homeowners and the majority of renters live in multi-family buildings. This has hampered the market for rental housing even as demand for multi-family rental housing has soared following the housing bust."
at 11:00 PM