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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Mike Johnston who wrote (36261)7/26/2005 9:14:32 AM
From: Think4YourselfRead Replies (2) of 306849
 
re: "I think the biggest restriction in Nevada and Arizona will be availability of water"

I agree completely, and would add power could be a problem at times. That area uses hydropower extensively.

They will build until water becomes a problem. After that they will be subject to the whims of nature, and a long drought will be a serious problem. As development continues to the north, where much of the water comes from, water will be siphoned off upstream. As that happens, It's going to get ugly.

Fresh water and energy are going to rise and become key political issues going forward, and not just for the southwest. With over one billion new consumers worldwide trying to come online in the next decade, there won't be enough resources to go around.
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