Question: How much are these huge swaths land worth (that haven’t been sold yet)
I/m asking because I don’t know.
>>> Question: How much are these huge swaths land worth (that haven’t been sold yet)
No telling. You could use traditional real estate procedures for current trends, and come up with a per-acre cost... but seems to me it should cost a LOT more when selling in bulk like that... which I don’t think is a good idea anyway.
My guess is that if we sold ALL federal lands for premium prices to pay off the debt, we would be doing really really good if we paid off 1/4 of it. Thats how bad a shape we are in.
What they are theoretically worth now and what they would be worth if they came up for sale on the open market could be very different.
Stop and think what would happen to real estate values if lots of formerly protected Federal land became available for private development. It could literally destroy private property values in many rural areas and crush the real estate markets.
Flooding the market with millions of acres of land even over years, would be a very bad idea. It sounds counterintuitive but these protected lands actually increase private property values in many states (supply & demand).
I am not saying that the Federal Government should own all this land but any divestment needs to be carefully thought out and the ramifications need to be carefully considered. This could be a perfect example of “be careful what you wish for”.