Southwest Drought concerns

[Adam Frantz]

I keep hearing folks talking about hot markets in CA, AZ, and Las Vegas. I left CA about 10 years ago due to concerns about water. I am confused though why many of these areas are on the brink of having water shut off and maybe power if the dam can’t run and yet they are still growing markets with high housing prices. If you are investing for the future, are these not concerns of yours? What am I missing?