Mountain home near Aspen, built for monks, sold to Palantir CEO for $120M

8 months ago by RSS Bot to c/hackernews

The $120 million sale of the 3,700-acre St. Benedict’s Monastery in Old Snowmass was one of the largest residential sales in state history
Maeve 9 points 8 months ago

cons0le I notice that when anyone says anything negative about the rich on the internet, people show up at lightspeed like you insulted their mom to defend them

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Lonewolfmcquade 5 points 8 months ago

This could have been a really interesting article. Like, what was the property ownership structure while the monks were there? Were there efforts to conserve the property or make it public lands? If so, what happened? How did it come to pass that this evil rich prick now owns it?

But no, none of that is addressed. Assuming the author is a real person, they did a terrible job. But after reading this trash, you could easily convince me it is AI slop.

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ToastedRavioli 3 points 8 months ago

To give context, this is a local newspaper and therefore the audience is not general. People who live in the area this is in are already aware of a few things:

One, the vast majority of land in the valley is public land already. Huge amounts of national forest land, and additional public open space land as provided by the local governments and county governments. To make this more open space would have required too large of a financial commitment by the county to have been worthwhile. There is plenty of public land even literally adjacent to this property. Plus Old Snowmass is not a real town with people who could purchase it for local use, so that is out as well.

Two, the land as a monastery was owned by the Catholic church. Effectively it was sold because of its value and location as the return could be used by the church to hold onto other land outside of the valley. Or use it for better purposes, at least as defined by them. There are already Catholic churches in every sizable community up and down the valley

Three, any time a large chunk of land goes up for sale in this valley that is worth tens or hundreds of millions of dollars, you can be sure a rich prick will buy it. Every small family home in the valley sells for $1M or more. Even the local trailer parks had to band together to get $40M mortgages to save their parks from being sold. “Rich prick buys up property” is just a Tuesday out here

So I understand as an outsider you think more could have been written about these topics, but it would have been highly redundant for the local audience of their paper. The same would be true for the several other local news entities that have covered the sale over the last 2 years

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