Farm Boy
run boy run
- Joined
- Sep 8, 2010
- Messages
- 26,613
The water rights are priced into the valuation of the land if the property tax scheme is at all normal. Which means they pay, or at least should be paying, for owning it every year. If Californians aren't going to up their game to outbid the Chinese for the water, or pay the price to buy the water rights, we have a problem with the paradigm. We've crammed stuff into that arid land like it has abundant water. It doesn't. If you want that many people to live there the valuation of the limited resource must rise.