Raul Gallegos, Columnist

In Venezuela, Sell Your House or Lose It

Venezuela’s government has some odd ideas about how to stimulate the nation's housing market. 
How much is your home worth in Venezuela? The government will tell you.  Photographer: Juan Barreto/AFP/Getty Images
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Venezuela's government has some odd ideas about how to stimulate the nation's housing market.

Consider a new law that forces homeowners to sell their rental units to tenants. As of Monday, anyone who owns three or more properties and has rented a unit for more than 20 years, must sell it at a "fair price" to be determined by the state. Landlords who fail to do so face fines and could lose their homes.

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