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Unbelievable that they'll be selling the federal buildings in downtown Chicago in this property market. Very short-sighted to give up those prime locations in a
by loire280 2y ago
Unbelievable that they'll be selling the federal buildings in downtown Chicago in this property market. Very short-sighted to give up those prime locations in a fire sale.
- IncreasePosts 2y agoSome federal buildings considered for sale have a utilization rate of like 25%. How long should the government keep paying for the upkeep while badly using it?
- deleted 2y ago[deleted]
- dataflow 2y agoDo you think the rent will be lower than whatever it's paying for upkeep? Why?
- credit_guy 2y agoI don't think the parent is saying that. I think the idea is that if you have two buildings with utilization of less than 50%, you move people in one single building and sell the other one.
- tehjoker 2y ago50% utilization is good for preventing covid spread tho just saying
- KennyBlanken 2y agoGiven the raw # of government employees hasn't grown in ~40 years, plus we have the lowest # of government employees per capita...
- nielsbot 2y agoDepends how much the upkeep is and how much rent they expect to pay for buildings that will be leased back to them at profit-making rates. Are we also assuming the government will not need that space in the future? What happens then? Paying someone to make a profit on property at the government's expense is not efficient.
- hamburga 2y agoEvery action should be assumed to be as short-sighted as the American President’s attention span. The people who articulated a more complex and nuanced strategy didn’t get any traction. We’re left with those who want chaos, power grabs, and fantasies of a hemispheric empire.
- aaomidi 2y ago> The people who articulated a more complex and nuanced strategy Damn we had those? Where?
- Eddy_Viscosity2 2y agoTransferring public assets to private hands is very profitable to the buyers. That's how Putin became a trillionaire.