In the discussion thread: Iconic - Beautiful Post Offices going on the auction block [View all]
Response to Ikonoklast (Reply #12)
Fri Mar 8, 2013, 04:31 PM
brentspeak (16,860 posts)
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.
"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.
Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
|liberal N proud||Mar 2013||OP|
|Brother Buzz||Mar 2013||#9|
|Brother Buzz||Mar 2013||#19|
|Brother Buzz||Mar 2013||#11|
Asking price of just $555,000 for a classic 23,163 sq. ft property in downtown Norwich, CT
|liberal N proud||Mar 2013||#13|
|Starry Messenger||Mar 2013||#18|
Please login to view edit histories.