![Stephan A. Schwartz](http://phibetaiota.net/wp-content/uploads/2013/12/schwartz-head-144x150.jpg)
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.
EXTRACT
And just like that, the property values of millions of dollars worth of homes belonging to 15,000 residents nosedives toward zero.