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Is The Government Funding McMansions?
Manage episode 349386451 series 3343149
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The FHFA raised conventional loan limits, including a cap of more than $1 million in certain high cost areas. Some critics, including the Wall Street Journal, say this means the government is subsidizing so-called McMansions. Peter Idziak, a senior associate attorney with Polunsky Beitel Green talks about whether this is a fair criticism.
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