Maybe they qualify for a Fannie Mae loan: Questions to answer: 1. do you want to live there? - No. 2. do you have a job? - Maybe. 3. do you have other securities? - Yes. We print money by ourselves. 😛
Ultimately, the ballooning budget reflects the same economic challenges the Fed itself has spent the past several years trying to tame: inflation, labor shortages, and supply-chain disruption.
Certainly, renovations of any sort are not justified by any results oriented achievements accomplished by the Fed, now or in recent memory; the 2008 Financial Crisis, hyper-inflation, uncontrolled manufacturing exportation, qualified labor shortages and supply-chain disruptions to name a few. On the contrary, Fed actions and policies have been overwhelmingly destructive to the American brand.