Water availability/sustainability long term

[Account Closed]

Hello all I am considering getting a primary residence to house hack next year and I am trying to decide on what market I would like to be in. This would be a buy and hold SFH (Maybe 3 bed 3 bath?) and cash flow deal. Having moved to Phoenix in March I am really enjoying the city and considering staying. However I am wondering about if water shortages could be problematic and if there are shortages cause my houses value to drop substantially. This utility company for Phoenix seems confident they will have water for the foreseeable future (https://droughtfacts.com/risks...) but at the same time everyone knows the southwests water reservoirs are drying up. Just curious to hear peoples thoughts, especially people that live in the Southwest. Thanks for your time.

-Cody

[Mike Lambert]

@Account Closed

@Scott Trench

@Bruce Woodruff

Interestingly, I saw a report on CNBC about that very issue. While there is currently a migration towards the Sun Belt, which is great for real estate there for the time being, they were mentioning that the future migration flow will be climate-induced and the best place in the US will be the Great Lakes Area and the city of Chicago as its main center is already preparing for that. By the way, I'm spending the summer in one of my home countries Canada and I can tell you that, while the US and Europe are suffering from the heat, we're having delicious summer days. Our grass is green, our vegetation is lush and our dams are full, so much so that our province of Quebec recently signed a mega contract to provide electricity to New York City.

I'm currently working on developments in Mexico's three main tourist areas. While we don't have that issue in the Riviera Maya or the Puerto Vallarta - Riviera Nayarit area, we're confronted with the same issue in the Cabo area, where construction permits are hard to get there because water permits are hard to get.