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Thursday, August 31, 2006

Venezuela seizes elite's golf courses for houses

CARACAS, Venezuela - Three major Caracas golf courses, long favored by the city's wealthy, are being expropriated to build housing for thousands of poor and middle class Venezuelans, officials said Tuesday.

The city expropriations, which will likely generate new friction between supporters and opponents of President Hugo Chavez, are part of an ambitious government effort to provide more homes amid an acute housing shortage that has driven up real estate prices.

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