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Why can million-dollar homes get U.S. loan subsidies?

Los Angeles Daily News
 2021-12-05

Cover picture for the articleThe “Looking Glass” ponders economic and real estate trends through two distinct lenses: the optimist’s “glass half-full” and the pessimist’s “glass half-empty.”. Buzz: Rampant housing inflation means the federal government will now back almost million-dollar mortgages — including deals in Los Angeles and Orange counties. Backdrop: The Federal Housing...

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