California property values collapse as water shut-offs begin… wealthy community to go dry in days… real estate implosion now inevitable Wednesday, June 17, 2015

(NaturalNews) Water shut-offs have now begun in California, where government-ordered restrictions are starting to leave large communities high and dry. As CBS News is now reporting, the Mountain House community of 15,000 residents will run out of water in just a matter of days.

“The community’s sole source of water, the Byron-Bethany Irrigation District, was one of 114 senior water rights holders cut off by a curtailment notice from the state on Friday,” reports CBS.

And just like that, the property values of millions of dollars worth of homes belonging to 15,000 residents nosedives toward zero. Continue reading

California Water Cuts Leave City Days Away From Running Out Of Water

MOUNTAIN HOUSE (CBS13) — The community of Mountain House is days away from having no water at all after the state cut off its only water source.

Anthony Gordon saves drinking water just in case, even though he never thought it would come to this.

“My wife thinks I’m nuts. I have like 500 gallons of drinking water stored in my home,” he said. Continue reading