StackSats on Nostr: A post inspired by a convo with my father...the OG Ski Bum. "Brad, what if the ...
A post inspired by a convo with my father...the OG Ski Bum.
"Brad, what if the government just sold their land holdings to satisfy their debts?"
The US Government owns 620M acres of land. The average acre sells for $17.5K in If the USG sold all its RE holdings it would equate to $10.85T - 34% of the national debt and only 5.7% of total unfunded liabilities.
$17.5K per acre? That sounds cheap - what is the value of an acre in Yosemite?
An acre near Snowmass, Colorado is going for $163K so we'll use that for our multiplier.
US National Parks:
52M acres ($8.5T)
US National Monuments:
14M acres ($2.3T).
Total:
10.8T for priceless US Real Estate
For the US to satisfy the national debt the remaining acreage would need to be sold for $38K per acre - 2X+ the US average.
To satisfy unfunded liabilities the remaining acreage needs to be sold at $319K - 2X what Snowmass land costs.
This assumes no price slippage.
Unfortunately, even the darling asset of prime real estate is no measure for the reckless spending over the last 60 years. Stay Humble and Stack your Sats people, there may be some acreage below Half Dome for sale in the future.
NPS: https://tinyurl.com/2s4ytaxb
Snowmass Property: https://tinyurl.com/ys63bw
"Brad, what if the government just sold their land holdings to satisfy their debts?"
The US Government owns 620M acres of land. The average acre sells for $17.5K in If the USG sold all its RE holdings it would equate to $10.85T - 34% of the national debt and only 5.7% of total unfunded liabilities.
$17.5K per acre? That sounds cheap - what is the value of an acre in Yosemite?
An acre near Snowmass, Colorado is going for $163K so we'll use that for our multiplier.
US National Parks:
52M acres ($8.5T)
US National Monuments:
14M acres ($2.3T).
Total:
10.8T for priceless US Real Estate
For the US to satisfy the national debt the remaining acreage would need to be sold for $38K per acre - 2X+ the US average.
To satisfy unfunded liabilities the remaining acreage needs to be sold at $319K - 2X what Snowmass land costs.
This assumes no price slippage.
Unfortunately, even the darling asset of prime real estate is no measure for the reckless spending over the last 60 years. Stay Humble and Stack your Sats people, there may be some acreage below Half Dome for sale in the future.
NPS: https://tinyurl.com/2s4ytaxb
Snowmass Property: https://tinyurl.com/ys63bw