SchwartzReport: Water Shut-Offs = Real-Estate Collapse – Entire Communities Out of Water

It seems I am not the only person talking about a real estate collapse because of drought. Although it is a bit flippant, I agree with most of this essay, and believe this is going to be a huge issue within the next five years.

California property values collapse as water shut-offs begin… wealthy community to go dry in days… real estate implosion now inevitable

EXTRACT

And just like that, the property values of millions of dollars worth of homes belonging to 15,000 residents nosedives toward zero.