Lawn Mowing, $80 a pop?

From a New York Times story about Fannie Mae and Freddie Mac, which now own over 160,000 houses through foreclosure:

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.

Don’t you think that you’d be able to get a lawn mowed for less than $80, particularly when you’re contracting to have them mowed in bulk? And when nobody is going to be particularly picky about the job you’re doing, as long as the lawn actually gets mowed?

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  1. Paul,

    I’d venture to speculate that because Fannie and Freddie are big institutions and there is probably a lot of red tape involved with getting a contract to mow lawns through them it is probably someone like Northrup Grumman which has the overall contract and then sub contracts out to lawn mowers of Greater Columbus OH to do the actual work and pays them $40/month per lawn….