I would think the current water shortage would halt development. Those of you in Cali, is that what you’re seeing?
They are still building high density “affordable housing” and over running older established neighborhoods like the one I left in August of last year.
The only people building anything in California are Mexicans and Government.
They have the highest sense of ownership.
Development has been pretty flat here for several years.
It’s not just the water problem, it’s mainly the regulatory environment, workers comp, and Sacramento in general.
Those of us with property and water rights (old federal patented mining claim) would probably do very well to start putting our land on the market.
There is always some idiot with more money than common sense, who wants to have a small (20 acres) estate in the mountains “away from it all”, dumb asses!
Hell; I would do it myself but I am just to damn old to start another orchard and farm some where else.
When I bought my place up here you could pick up good land, with water for about 1800 to 2000 dollars an acre. Now I see a lot of the smaller land owners are listing and selling at 250,000 to 550,000 dollars for 1.5 to 3 acre parcels.
Real estate agents still come around offering 800k for our 2BR Cal Bungalow at almost complete equity. We’re retired, and I want to move to NW SC, because SC real estate is so comparatively low, and our only granddaughter is there. But the Mrs is reluctant having been born and raised here. Thus....