Green groups are finding that the slump in real estate values is allowing them to buy more land for green space:
The best deals are happening on the fringe of metropolitan areas, says Rand Wentworth, president of the Land Trust Alliance, a group that represents the USA’s 1,700 land trusts. “Land that would’ve been converted in 2008 and 2009 into subdivisions is now on the market because developers can’t pay their debt,” he says. “Here’s the plain fact: Land will never be as cheap as it is right now.”
I’m sure they’ll resume bashing free markets as soon as they reap the benefits thereof.
