Water is not our next big crisis - it is the current crisis that is being ignored except within the individual towns and cities that are being affected right now.
The Texas Real Estate Commission and Texas Association of Realtors is just hinting they will begin to work on the issue of contract addenda to deal with water issues. These are the same bodies that have not yet addressed gas wells in neighborhoods, so I am not holding my breath - but most likely water accessibility will rise to the top of the list.
Rural properties within the gas drilling areas that have lost water sources, such as wells, have been devastated - with property values plummeting to a small fraction of their original value. What value would you place on land that has no potable water and has no source other than what can be trucked in. I know of a luxury lakefront property in Denton County that had a well go dry and that well was within 100 yards of the shoreline. Luckily for the owner, the main source of water was furnished by the local city.
Phyllis
--
You received this message because you are subscribed to the Google Groups "DentonDAG" group.
To unsubscribe from this group and stop receiving emails from it, send an email to dentondag+...@googlegroups.com.
To post to this group, send email to dent...@googlegroups.com.
For more options, visit https://groups.google.com/groups/opt_out.