a) California is currently in a drought and some so-called experts are saying we may be in this drought for 10, 20, even 30 years, and
b) Water is one of the main MUST HAVEs when investing in land in high growth areas (see the third key growth indicator here).
I've been saying for some time now, we have lots of water; it’s in the Pacific Ocean and simply needs to be engineered and processed, a process called "desalination".
This is nothing new to America especially the Navy. Remember, very large naval ships (including Aircraft Carriers) are out at sea for very long periods of time (6-months, 1-year, etc.). These ships have desalination mini-plants on-board the ship. That's how the crew and sailors drink water, take baths, cook, etc.
Unfortunately, not many people are aware, especially politicians and news reporters, that California is currently building some of the nation's largest DESALINATION PLANTS and some of the largest in the Western Hemisphere. For example in Carlsbad, California construction is over 25 percent complete on a $1 billion project that will provide 50 million gallons of freshwater per day from the Pacific Ocean, a system that serves 3.1 million people.
“I think it will turn out that it [building desalination plants] is very affordable compared to not having the water here in Southern California, particularly with the drought that we are facing…” -Randy Truby, Comptroller of the International Desalination Association and Director Emeritus of the American Membrane Technology Association (AMTA)
So, in conclusion, a savvy land owner isn’t worried about drought issues here in California. California is leading the nation and the western hemisphere in the building of Mega-Million & Multi-Billion dollar desalination plants. Consider the positive affects on land values as billions of dollars in development of desalination plants continue to pour in.
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