it's unused and underutilized land and real estate....

Not much, but hey, it's a start....

http://www.cnn.com/2011/POLITICS/03/02/o...tml?hpt=T2

Yep, let's sell real estate when prices are at rock bottom. That Obama sure is a shrewd businessman.

Did you read the article? And it's not as if most of the unused land is "Prime" anyways.... Idaho anyone?

(03-02-2011 10:46 AM)BlazerFan11 Wrote:  Yep, let's sell highly undesirable real estate when prices are at rock bottom. That Obama sure is a shrewd businessman.

Ok, I fixed it. I guess since it's land that no one wants, it'll somehow get us a better ROI.

This isn't really new. BRAC sites are often sold off. I'm aware of a variety of sites that have been sold in the past decade, and that's just coincidence for me. Any rigorous analysis would likely show this to be far more frequent. This is simply more spin by CNN for their guy.

It is a way for the gov't to make a pretty good profit. When it establishes a military base, usually in some remote, forsaken area, the subsequent development makes all real estate prices rise. When the site is no longer needed, it can be sold, at a profit.

The gov't stands to make a lot of money around Ft Monmouth.

I'd also say that turning over property in DC would have made the gov't a lot of money if they'd done it in the mid-80s and sold in 2004.

The real challenge here is the buyers of the best lots are often well-connected politically. Sales of mineral rights on federal land came under scrutiny a little over a decade ago. So, this has some good qualities, but don't ignore the realities:

1. Spin by a "trusted" news medium
2. Rife w/ abuse by "greedy" corporate types...(D) and ®.

I was more keen on them getting rid of the underused buildings.... That means consolidation, and it implies that it'll take place in bigger cities, (better real estate prices.)

as a side note... a friend and myself have been looking to buy some real estate in Savannah.... do some fixing up and rent the property out, I didn't realize how far prices around the country had actually fallen! (I lived in SoFL for 2 years prior.... I saw what happenned there when the bottom fell out, and it's not pretty!)

(03-02-2011 11:15 AM)CountryRedHawk Wrote:  I was more keen on them getting rid of the underused buildings.... That means consolidation, and it implies that it'll take place in bigger cities, (better real estate prices.)

It can be good on the whole. But, you'll see low populated areas hurt by this. People will complain, congressmen will lobby...

Quote:as a side note... a friend and myself have been looking to buy some real estate in Savannah.... do some fixing up and rent the property out, I didn't realize how far prices around the country had actually fallen! (I lived in SoFL for 2 years prior.... I saw what happenned there when the bottom fell out, and it's not pretty!)

Yeah? Savannah's interesting. We went there on our 1st anniversary.

We just got back from FL where we were looking at rental property. Prices hadn't fallen far enough for what we were looking at. Made no sense to me, and given that some properties were on the market for hundreds of days, I think seller are in denial about the true market condition.

I have seen some places in TX that I'm interested in. Need time to get out there and look about. And I still think AZ will grow. That's a place at least I know.

I live just north of Savannah. I LOVE Savannah, got me a hotel room on Ellis Square for St.Patties. No city parties as hard as Savannah parties. Even the police join in.


As for FL, it depends where it was, most of the property was WAY overpriced. So when it dropped, people lost their equity. My best guy friend bought a house in FTL for 150k. The guy who owned it before(it's a shortsell btw) paid 175k, and dumped 200k into fixing it up. He lost the house a year after he finished it.

I'll get excited about this idea when they start talking about selling off all the locked up federal lands in the western U.S.

How many are aware that in the state of Utah, more land belongs to the Feds than to all others combined? Think of the tax implications for the state. There is no need for this situation. It is over-reach by the Federal government, Rs and Ds both to blame and that game has been going on for decades - acquiring land in one power grab after another.

If this had happened in the densely populated east in the past, I'm sure that there would have been an outcry from the citizens. But it is "just flyover country."

As for selling off unused buildings and other Fed real estate, sure, no problem. The timing is bad but the idea is OK. Just expand it to include those huge parcels of land locked up by the federal government in the western U.S.

This is the government we're talking about - they can **** up a PBJ sandwich. They'll probably take a building, rehab it to the tune of $2 million or so to bring it up to code or make it more attrative, and then sell it for $1 million and offer a 20 year guarantee on the damn thing.

(03-02-2011 05:35 PM)MileHighBronco Wrote:  I'll get excited about this idea when they start talking about selling off all the locked up federal lands in the western U.S.

How many are aware that in the state of Utah, more land belongs to the Feds than to all others combined? Think of the tax implications for the state. There is no need for this situation. It is over-reach by the Federal government, Rs and Ds both to blame and that game has been going on for decades - acquiring land in one power grab after another.

If this had happened in the densely populated east in the past, I'm sure that there would have been an outcry from the citizens. But it is "just flyover country."

As for selling off unused buildings and other Fed real estate, sure, no problem. The timing is bad but the idea is OK. Just expand it to include those huge parcels of land locked up by the federal government in the western U.S.

You mean the National Parks, right? Who needs them anyway. They are just in the way of wealthy business owners exploaiting the land for mining, drilling, grazing etc. Oh, they apparently are looking at selling some land in Idaho. Sounds like a good place for a tea bagger militia compound! Hell, the neighbors probably are tea baggers and have a militia compound too!