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Comment by sitkack | Hacker News Reader

Pennies on the dollar. No conflict of interest on the part of the buyers.

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.

Some 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?

Do you think the rent will be lower than whatever it's paying for upkeep? Why?

I 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.

50% utilization is good for preventing covid spread tho just saying

Given the raw # of government employees hasn't grown in ~40 years, plus we have the lowest # of government employees per capita...

Depends 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.

Every 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.

> The people who articulated a more complex and nuanced strategy

Damn we had those? Where?

Transferring public assets to private hands is very profitable to the buyers. That's how Putin became a trillionaire.

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