2009-12-12zerohedge.com

"The state is hoping the sale will generate more than $660 million in proceeds to offset cuts in the state budget. With a budgetary hole in the billions, California will likely need to throw in quite a bit of beachfront property in order to make it seem like it has the fiscal catastrophe under control."



Comments:

tvsterling at 01:53 2009-12-13 said:
Perfect Timing. Right at the start of a mega crash in commercial real estate. The prospective buyers will lie in wait until they can get our property for a few pennies on the dollar. Freekin' brilliant. Permalink

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