Amplify’d from www.dsnews.com
International Monetary Fund Voices Concerns With U.S. Housing System
The International Monetary Fund (IMF) has some pretty direct words for the American government and its handling of the U.S. housing crisis.
In an annual report that will be released next week, IMF says the origins of the global financial crisis can be found in the U.S. housing finance system. The agency says government participation in the U.S. housing market has been “pervasive” but has not yielded the expected benefits to prospective or existing homeowners.
The global organization faults tax incentives and low-income housing goals as contributing to the near collapse of the housing market in the United States.
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