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A comment on How about an “urban wealth fund”?. Parent comment

Re:How about an “urban wealth fund”? by mathattack on Monday July 24, 2017 @12:16PM (#14839726)
My interpretation was they charge other people rent for the services, no?
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Re:How about an “urban wealth fund”? by ThrustVectoring on Monday July 24, 2017 @03:32PM (#14841866)
Not at first. It's fixing an accounting rule that draws distinctions between equivalent cash-flow situations.

A: City owns an office building with a $1MM/yr fair-market rent, which it uses for administration.

B: City collects $1MM/yr rent from their office building, and pays $1MM/yr to rent out a different building for their administration to use.

If you net out the imputed rent in situation A, then it looks like the administration is $1MM/yr cheaper than it actually is.

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Re:How about an “urban wealth fund”? by mathattack on Wednesday July 26, 2017 @09:31AM (#14856025)
Ahh - got it. Thanks!
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