Dose of Reality in re BRAC (Huntsville, Madison: appointed, real estate, lease)

[TimG]

Originally Posted by kypeep

Tim G - Curious about the "recently improved gov't program to buy transferees' homes." Is there such a thing?

I was referring to a town hall presentation Jan-2009 on Redstone ...seems they removed it from their website but it was public for the longest time. Said something about Guaranteed Buyer Value Price or something like that luckily I saved a copy: DNRP-1-09.pdf
(http://huntsville-realestate.com/Town-Hall-DNRP-1-09.pdf - broken link)

[Charles]

A government colleague of mine is trying to sell his home in Virginia to move to Huntsville, starting work here mid April. I am about 98% certain he has the guaranteed buyout option (GBO) if he doesn't get the house sold himself via a bonafide offer.

The GBO sort of works like this: The seller is offered the average of two forecast appraisals (different from appraisals made by lenders) made by appraisers. Forecast meaning the appraisers come back with a most likely selling price in order for that home to sell in something like 90 or 120 days (that's quick so therefore the prices they come back with are often disappointingly low).

[TimG]

Originally Posted by Charles

A government colleague of mine is trying to sell his home in Virginia to move to Huntsville, starting work here mid April. I am about 98% certain he has the guaranteed buyout option (GBO) if he doesn't get the house sold himself via a bonafide offer.

The GBO sort of works like this: The seller is offered the average of two forecast appraisals (different from appraisals made by lenders) made by appraisers. Forecast meaning the appraisers come back with a most likely selling price in order for that home to sell in something like 90 or 120 days (that's quick so therefore the prices they come back with are often disappointingly low).

Makes since it would be low ...seems like that is the program presented in the presentation I posted. ...Tim

[HB2HSV]

Originally Posted by kypeep

Charles, I've been working for the gov't 20 years, and I'm still not making anywhere near $140K a year. That's SES pay (or specialty, such as engineering?) Can I work for the same agency you do, LOL?!

$140K is not necessary a SES pay, but it is 'easier' to get there if you're a contractor.

[tammie2]

Originally Posted by Charles

"....efforts will be made to hire younger engineers and set up aggressive internships over the next few years to replace anybody retiring or who wouldn't move. "We have to do all we can to recruit younger people." "
from

Downturn slows BRAC recruiting - al.com

It is more than salary at work. Companies need younger people, even if they pay them more(this is why starting salaries for engineers are higher than ever).

MANY companies are finding themselves in a position where most of their staff is retiring within 5-10 years or sooner and they will need to be replaced. Replacing entire departments at once isn't good

I won't even go into the need for specialized licensing, clearance, training and such that would make recruiting and working with a newly hired, underdeveloped staff just so much fun

No naming names, but I know of a few companies that this happened to, they found themselves without certain people and were paying upwards of $800-$1000/hour for testing and inspections that were previously done by staff engineers making $50-70/hour(100-150K/yr). In many instances they had to continue to pay until they trained/certified the replacements.

So, there are many reasons for the move and they aren't all economically motivated(not saying that doesn't play a part), just offering another perspective.

As for the economy, I can tell you that it is a better economy for engineers than any other discipline, even outside of Huntsville.

[Charles]

Saw this in this nice visual aid in morning's Athens News Courier



from

The News-Courier in Athens, Alabama - BRAC moves on increase in N. Alabama

[Charles]

Originally Posted by tammie2

MANY companies are finding themselves in a position where most of their staff is retiring within 5-10 years or sooner and they will need to be replaced. Replacing entire departments at once isn't good.

I've noticed this myself. I'm 47 and often I go to meetings and it seems like I am one of the younger persons there. I guess this is good for me as these guys will be retiring and thus increase the demand for me.

[Charles]

"BRAC is expected to bring almost 5,000 army jobs to Redstone Arsenal

A study by University of Alabama Huntsville shows that for every BRAC job, a contractor job will be needed.

That's 5,000 more jobs.

Along with that, induced labor is also factored into the equation. This includes those to help expand the communities because of population growth, and officials estimate another 9500 jobs.

Add it all up and that's almost 20,000 new jobs headed to the Valley."

from

Shoals area banks on BRAC - WAFF.com: North Alabama News, Radar, Weather, Sports and Jobs-

[mimpdaddy]

I don't see why anyone would move from DC to Huntsville but that's just me.
How many jobs will the BRAC create for people already here? If none than why are we putting so much focus on it.The city need to be trying to attract more industry instead sitting back and waiting for the BRAC which is more of the same thing. Don't put all your eggs in one basket.

[cpg35223]

Originally Posted by mimpdaddy

I don't see why anyone would move from DC to Huntsville but that's just me.
How many jobs will the BRAC create for people already here? If none than why are we putting so much focus on it.The city need to be trying to attract more industry instead sitting back and waiting for the BRAC which is more of the same thing. Don't put all your eggs in one basket.

Well, since the Pentagon is consolidating services into certain locations, those people wouldn't have a choice. What's more, BRAC will mean greater industry for Huntsville.