Difference between revisions of "Carrizo Plain"

===Land development scheme===

===Land development scheme===

In 1960, the original Spanish land grant was parceled out into over 7,200 2.5 acre (10,000 m2) sections by optimistic real estate developers. According to their own advertising fliers, these developers believed that the California State Water Project might bring water to the area. In 1963, an advertisement tried to attract land investors to purchase: “2½ full acres, fertile soil, not desert, as little as $20 down and only $20 per month, $1,795 (equivalent to $15,246 in 2020) full price.” As of 2020, the assessed value of most of these tracts is only around $3,000 each, meaning investors would have been better off putting their investment into a savings account.

In 1960, the original Spanish land grant was parceled out into over 7,200 2.5 acre (10,000 m2) sections by optimistic real estate developers. According to their own advertising fliers, these developers believed that the California State Water Project might bring water to the area. In 1963, an advertisement tried to attract land investors to purchase: “2½ full acres, fertile soil, not desert, as little as $20 down and only $20 per month, $1,795 (equivalent to $15,246 in 2020) full price.” As of 2020, the assessed value of most of these tracts is only around $3,000 each, meaning investors would have been better off putting their investment into a savings account.