patrick.net

http://www.nytimes.com/2015/04/05/us/california-drought-tests-history-of-endless-growth.html?_r=0&action=click&contentCollection=U.S.&module=RelatedCoverage&region=Marginalia&pgtype=article#story-continues-2

"A punishing drought is forcing a reconsideration of whether the aspiration of untrammeled growth that has for so long been the state’s engine has run against the limits of nature."

My question: If they limit new housing being built to conserve water, will that mean real estate prices will rise? Or will the drought cause people to leave because of the prohibitive cost of water, therefore lowering real estate prices?

#housing