Limiting growth, one water meter at a time
A California community decided that the best way to limit growth was to put a moratorium on water meters, meaning nobody could put up a new house, anywhere in town.
Okay, but it doesn’t take an econ major to guess at what ended up happening. Sales prices went through the roof, over the years. Oh, but not the sales prices of homes, but sales prices of … water meters.
(L)ate last month, a water meter was auctioned for $310,000. For that, the buyer didn’t get a house, or even land on which to build a house – just the right to hook up to the municipal water supply, which comes from the Arroyo Honda, a spring-fed creek about five miles north of town.
This kind of puts the town in the old “Catch 22”.
The irony of the sale by a nonprofit group is not lost on residents in this community of 1,600. “The water meter money is being used for affordable housing, but the reason there’s so little affordable housing in the first place is the water meters,” said Dieter Tremp, an artist who lives in Bolinas.
Ironic is one word for it!
Complete article: One Town Stops Time by Turning Off the Water
View Back Bay condos for sale and rent.
Boston condos for sale:
Back to Boston condos for sale homepage
Contact me to find out more about this property or to set up an appointment to see it.
SEARCH FOR BOSTON CONDOS FOR SALE
For more information please contact one of our on-call agents at 617-595-3712.
Boston Real Estate for Sale and Apartments for Rent
New Boston Condos for sale just listed TODAY
Beds
Baths
SqFt
Beds
Baths
SqFt
Beds
Baths
SqFt
Beds
Baths
SqFt
Beds
Baths
SqFt
Beds
Baths
SqFt
Beds
Baths
SqFt
Beds
Baths
SqFt
Beds
Baths
SqFt
Beds
Baths
SqFt
Beds
Baths
SqFt
Beds
Baths
SqFt
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third-party sources, including sellers, lessors, landlords, and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, noncommercial use of consumers having a good faith interest in purchasing, leasing, or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
Click Here: Back to Boston Real Estate Home Search
Back to homepage: Boston condos for sale
Ford Realty – Boston Real Estate Google Reviews 2019, 2020, 2021 & 2022
Click Here to view: Google Ford Realty Inc Reviews