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In a recent investigative report, NPR found that the Department of Housing and Urban Development (HUD) knowingly sold homes to the poor and working class in known flood zones. Places like Florida, Louisiana, Mississippi and even Hawaii where flooding is a real threat. HUD sold homes without proper disclosure to the buyers of the risk. For an agency intended to assist low-income buyers in achieving the so-called American dream of home ownership, the government has failed these buyers. To discuss, professor of economics at UMass Amherst, Richard Wolff weighs in.
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