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Real Estate Windfall

February 10th, 2008 at 11:17 pm

Georgia and Tennessee Fight Over Water Rights

in: news

Georgia is feuding with Tennessee over a border dispute that goes back to an 1818 survey which the Georgia Legislature claims is flawed.

 

Georgia needs water very badly because it is facing another year of a serious drought.  Many in that state realize as populations grow  that the problem is only going to get worse. 

 

If Georgia can change the border it will gain an extra 1.1 miles of river which is now on the Tennessee side.  By claiming this bend in the river, Georgia will gain literally billions of gallons of water, with or without Tennessee’s consent.

 

This proposition is gaining credence because the Georgia legislature has already voted on SR822 and HR1206 which starts the dispute process legally.

 

What does that have to do with real estate investing and why should you care?

 

That situation may be true for many states.  Water rights will be a big issue throughout the 21st century.  People must have water and are willing to fight to get it.

 

As we invest in real estate we need to keep this problem in mind and  now consider water as part of the equation, even in states where it hasn’t been a problem in the past.  

Read War Between the States is For Real

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