[Libertarianize the GOP]

ping

[heleny]

The sale of Ahmanson Ranch, a 2,959-acre property on the Ventura-Los Angeles County line for $135 million

There was some LATimes article or something about this yesterday. When Washington Mutual was considering developing Ahmanson Ranch, they had to pay for some program to conserve the red-legged frog and the spineflower while the environmentalists blocked every possible proposal for development.

Now that WaMu is getting rid of the property, nobody will pay for the frog and weed conservation. Apparently, those endangered species are only important to environmentalists when those species can be used to block development.

[heleny]

At a time when real estate is expensive (possibly a sort of "bubble" and partly due to lower interest rates) and the state faces a multi-Billion dollar budget deficit, this is a bad time to make the multi-million dollar purchases.

In the mid-90's, real estate prices were about half of the current prices; a few short years ago, the state had budget surplusses. Those would have been better times to buy these tracts of land.

[DoctorZIn]

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