California property values collapse as water shut-offs begin… wealthy community to go dry in days… real estate implosion now inevitable
by Mike Adams
NaturalNews.com
Wednesday, June 17, 2015
Water shut-offs have now begun in California, where government-ordered restrictions are starting to leave large communities high and dry. As CBS News is now reporting, the Mountain House community of 15,000 residents will run out of water in just a matter of days.
“The community’s sole source of water, the Byron-Bethany Irrigation District, was one of 114 senior water rights holders cut off by a curtailment notice from the state on Friday,” reports CBS.
And just like that, the property values of millions of dollars worth of homes belonging to 15,000 residents nosedives toward zero.
After all, what’s the value of a home that has no running water? California isn’t Africa… yet… so the idea of carrying your own buckets of water for bathing isn’t widely accepted.
Get ready for a real estate collapse in Collapsifornia
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