No Water Could Mean No New Homes in Raleigh (fit in, buyers)

[North_Raleigh_Guy]

Do you really think it will come to this?

No Water Could Mean No New Homes in Raleigh :: WRAL.com

[kmflan]

I just saw this article and mentioned it to hubby. I am not there yet and don't know firsthand how bad things are. I find it hard to believe that the city would actually do it, but maybe they should.

[dansdrive]

I do not believe it will come to that, especially since per the article the housing market generates about $4 Billion dollars a year to Wake County economy. I would like to see the elected official that would stand in front of that one.

BTW: If one does they have my vote!

[tluv00]

I could actually see the governor stepping in and enforcing the "no new developing" law if local officials won't. Of course with the market the way it is they may not have to worry....I think the buyers are enforcing that law right now

[RaleighBoundGeek]

Well - considering they might pass stage 2 water restrictions today - it might not be that far out. The commission is supposedly meeting again today given that we're now getting ready to dip below 100 (ft?) in Falls Lake.

[GucciLittlePiggie]

is this drought thing a serious problem down there? i mean, we have water restrictions every summer, but it doesn't really affect anything... and does this happen every year now, or is it just this year was uncommonly bad?

[RaleighBoundGeek]

Originally Posted by GucciLittlePiggie

is this drought thing a serious problem down there? i mean, we have water restrictions every summer, but it doesn't really affect anything... and does this happen every year now, or is it just this year was uncommonly bad?

According to what I heard today - Forest service did an analysis that said this area hadn't seen a drought this bad in 800 years (something about tree trunk/bark analysis that allowed them to trace back that far). So yes - it's serious.

[MrsSteel]

Originally Posted by GucciLittlePiggie

is this drought thing a serious problem down there? i mean, we have water restrictions every summer, but it doesn't really affect anything... and does this happen every year now, or is it just this year was uncommonly bad?

This year we are suffering from the worst drought on record.

[Francois]

is this drought thing a serious problem down there? i mean, we have water restrictions every summer, but it doesn't really affect anything... and does this happen every year now, or is it just this year was uncommonly bad?

Not only is it the worst drought in recorded history, but with the population exploding by leaps and bounds, even getting the same amount of water we got say, 10 years ago, wouldn't be enough to cover the growing population needs.

Bookmark this page: Drought Monitoring

The majority of the state is in "EXCEPTIONAL" drought, which is past Severe and Extreme. It's grim, folks. Not the time to move here.

[mdp_az]

Do I think it will really come to this? If it needs to, I hope so. It would seem that our water supply, given the drought, is insufficient to meet our current needs. It would seem entirely appropriate to limit further development until we can do something about the supply shortages.

And hey, existing homes could benefit in that less new developemnt means less home supply and hopefully increased values on existing homes. That also assumes the drought doesn't scare off the "demand".