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2010-10-13 Home Front: Politix

California selling 24 government buildings for $2.3B

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Posted by gorb 2010-10-13 06:21|| || Front Page|| [11132 views ] Top

#1 Sorry. The "considering" statement should be highlighted.

Posted by gorb 2010-10-13 06:34|| 2010-10-13 06:34|| Front Page Top

#2 Anybody buying?

Posted by g(r)omgoru 2010-10-13 07:50|| 2010-10-13 07:50|| Front Page Top

#3 If the buildings are in Chinatown they will have a buyer.

Posted by airandee 2010-10-13 08:12|| 2010-10-13 08:12|| Front Page Top

#4 Anybody buying?

As alluded to, the Chinese can play afford to play the property game in CA. They have the cash [not just for the land, but also the requisite politicians in Sacramento]. It's a replay of the 80s when the Japanese were buying up property as well. They just need to hire the right people to make sure they're not paying incredibly inflated prices even with the wad of cash they have on hand.

Posted by Procopius2k 2010-10-13 08:18|| 2010-10-13 08:18|| Front Page Top

#5
#4 Can they afford California property taxes?

Posted by g(r)omgoru 2010-10-13 09:09|| 2010-10-13 09:09|| Front Page Top

#6 ...not just for the land, but also the requisite politicians in Sacramento

It's amazing the kind of abatements one can get with the right amount of money.

Posted by Procopius2k 2010-10-13 09:19|| 2010-10-13 09:19|| Front Page Top

#7 "This sale will allow us to bring in desperately needed revenues and free the state from the ongoing costs and risks of owning real estate."

This is so stupid and so typical of the corruption in California. I say we don't need the people in those buildings either. Good riddance.

Californians will pay top dollar in rent for decades and then buy them back at a huge premium, if they can manage the bond at some point. Just giving money away to the plutocracy, business as usual.

Posted by Black Charlie Chinemble5313 2010-10-13 09:42|| 2010-10-13 09:42|| Front Page Top

#8 It's unclear how the current deal will work out for taxpayers over the long run, but there have been concerns.

Since when has there been a concern for taxpayers in Kalifornica?

Posted by JohnQC 2010-10-13 09:51|| 2010-10-13 09:51|| Front Page Top

#9 We're suffering a virtual infestation in Georgia. I certainly hope they don't bring their politics with them. Never seen so many California auto tags.

Posted by Besoeker 2010-10-13 10:10|| 2010-10-13 10:10|| Front Page Top

#10 It's unclear how the current deal will work out for taxpayers over the long run.

Count on it, You'll pay more, much more than if you'd kept them. and at least double their selling profit, otherwise they wouldn't be a sale at all.

Posted by Redneck Jim 2010-10-13 14:26|| 2010-10-13 14:26|| Front Page Top

#11 Talk to some of those Californians, Besoeker. Go ahead. I dare you. They won't bite. Ask them where they lived before they moved to California. Then let us know what they say.

Posted by Ebbang Uluque6305 2010-10-13 16:25|| 2010-10-13 16:25|| Front Page Top

#12 Fact is I met a lady here in San Diego the other day...I think she said she's from Georgia.

Posted by Ebbang Uluque6305 2010-10-13 16:29|| 2010-10-13 16:29|| Front Page Top

#13 She sure enough had some kind of Southern accent.

Posted by Ebbang Uluque6305 2010-10-13 16:29|| 2010-10-13 16:29|| Front Page Top

#14 Nice lady though.

Posted by Ebbang Uluque6305 2010-10-13 16:30|| 2010-10-13 16:30|| Front Page Top

#15 "Nice lady though."

Of course she was, EU honey - you said she had a Southern accent. ;-p

Posted by Barbara Skolaut 2010-10-13 18:51|| 2010-10-13 18:51|| Front Page Top

#16 This is like the junkie selling all his possessions because he just has to get that one last fix. He'll worry about no longer having a car or a refrigerator tomorrow.

Posted by AuburnTom 2010-10-13 23:29|| 2010-10-13 23:29|| Front Page Top

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