Latest / The Fiscal Policy Podcast with Fexingo: Government Budgets, Stimulus, and Public Spending
Why the Government Pays Twice for Its Own Office Space
When the federal government needs a new office building, it borrows money to build it, then pays rent to itself for decades. In this episode, Lucas and Luna dig into the strange economics of government-owned real estate, where the math can go sideways in spectacular ways. They trace a single building's life cycle, look at how agencies end up paying more in rent than the building cost, and explore why the government keeps building instead of leasing. Along the way, they compare the federal approach to how private companies like Walmart handle their property, and ask whether the public…
The skinny
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