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Response to Ikonoklast (Reply #12)

Fri Mar 8, 2013, 04:31 PM

15. Asking price of just $555,000 for a classic 23,163 sq. ft property in downtown Norwich, CT

That is what is known in the trade as "pennies on the dollar". And that is just the asking price; the negotiated price will be much less.

http://www.uspspropertiesforsale.com/default.asp?f=listing_details&listingid=302096&listingtype=22

"Those buildings are sometimes sold at a premium to market".

Those are your words, not mine.

"The government has sold surplus items including real estate since its inception."

The government has never sold so many USPS buildings before, especially not ones which are listed in the National Registry of Historic Places.

Your antagonistic and factually disingenuous post raises the obvious question: just what personal stake do you have in this issue?

For example, members of the public are not usually allowed to know final sale prices of these USPS properties -- how would you know them? And how could you possibly know which USPS buildings are supposedly lacking in parking/handicapped space, have "outmoded docks for mail trucks", and "have too small a work area for increased mail volume" (an obvious falsehood -- most of these buildings are among USPS largest properties)? Those are talking points parroted about by lobbyists who work on behalf of hedge funds and real estate developers looking to get a piece of the action.

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Replies to this discussion thread
Arrow 22 replies Author Time Post
liberal N proud Mar 2013 OP
lonestarnot Mar 2013 #1
bluestate10 Mar 2013 #2
talkingmime Mar 2013 #3
Brother Buzz Mar 2013 #9
talkingmime Mar 2013 #10
HiPointDem Mar 2013 #17
Brother Buzz Mar 2013 #19
HiPointDem Mar 2013 #20
pipi_k Mar 2013 #4
SQUEE Mar 2013 #5
malaise Mar 2013 #6
Comrade_McKenzie Mar 2013 #7
brentspeak Mar 2013 #8
Brother Buzz Mar 2013 #11
Ikonoklast Mar 2013 #12
LineLineLineNew Reply Asking price of just $555,000 for a classic 23,163 sq. ft property in downtown Norwich, CT
brentspeak Mar 2013 #15
liberal N proud Mar 2013 #13
Initech Mar 2013 #14
HiPointDem Mar 2013 #16
Starry Messenger Mar 2013 #18
kwassa Mar 2013 #21
Liberal_in_LA Mar 2013 #22
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