VH> You should be seeing a land price drop in the Southwest soon, if the
 VH> drought holds.  That would be a good time to buy land -- the drought
 VH> has to end eventually, and if it doesn't, owing a piece of dry land
 VH> will be the least of your problems. :-)
 We live in a _constant_ state of drought.  With population pressure
 land will continue to appreciate, and with growth and farmland being
 taken out of production for conversion to residential we actually
 experience a net increase in the available quantity of water.
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