Relevant:
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- California Students Protest 32% Tuition Hike; State Budget Gridlock II Coming; Massive Deficits In San Francisco
- Cisneros Group Bids More Than $2 Billion for California Offices
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2009-12-12 — zerohedge.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."
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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. Permalinkadd a comment | go to forum thread
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