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Why the Acquisition and Leaseback Agency Is Now Profitable - The Press Project - News, Analysis, Radio, Television
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A few years ago, the government passed the institutional framework for a mechanism presented as a “social solution” for those who lose their homes at auction. Its name is the Real Estate Acquisition and Leaseback Agency. The plan was as follows: When a house is put up for auction, the agency will be able to acquire it at a 30% discount on its commercial value. It will then rent it to its previous owner for up to twelve years. The person who lost…
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