The government provides what type of incentives to the housing industry, in order to promote growth?

Deal Score0

A. tax- deductble interest
B. strict building codes
C.Direct mortgage lending
D. No-interest loans

& why

2 Comments
  1. Reply
    Anjaree
    May 2, 2011 at 12:11 am

    A is true.It reduce the burden on interest payment.
    C is true. It increases easy loans for the house.
    D is true. It is good to own the house using people money for free.

  2. Reply
    simplicitus
    May 2, 2011 at 12:23 am

    A. mortgage interest payments are tax deductible.
    http://en.wikipedia.org/wiki/Home_mortgage_interest_deduction#United_States

    B. building codes vary from state to state. They are neither uniform nor particularly strict.

    C. The government does no direct home mortgage lending. Freddie Mac and Fannie Mae buy up many mortgages, letting banks lend more and so making getting mortgages easier.
    http://en.wikipedia.org/wiki/Freddie_Mac
    http://en.wikipedia.org/wiki/Fannie_Mae

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