Monday, May 9, 2011

By Government Real Estate: Excess Federal Properties Interactive Map

Excess Federal Properties Interactive Map | The White House

This is a great idea. Turn costs into sale and tax revenue while increasing our useful stock of private sector assets.

Who is going to oppose it?
National association of real estate brokers might get up in arms if the properties are auctioned without paying a commission to one of their members.
Whether the auction or broker model brings in more net revenue for the government is an open questions and might depend on the type of property. I suggest John List get involved and run a field experiment using a subset of the properties and use these results to guide how subsequent properties are sold.

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