July 12, 2010
Wow. I am sure glad to live in a condo. Sure, I pay my monthly maintenance fees, but I never really look into where the money is going especially the costs of lawn-care.
Did you know that Fannie Mae spends $10m a month on grass bills? I didn’t. Thanks to the New York Times for this tidbit:
“Selling a house generally costs the government about $10,000. The outsides are weeded and the insides are scrubbed. Stolen appliances are replaced, brackish pools are refilled. And until the properties are sold, they must be maintained. Fannie asks contractors to mow lawns twice a month during the summer, and pays them $80 each time. That’s a monthly grass bill of more than $10 million.”