Tuesday, September 04, 2007

Denial of Water Issues may Lead to Future Problems

Government approved loans are getting softer on water requirements.

Joyce Strong, a qualifying broker out of Weiser, Idaho said in California "only 2.5 gallons per minute of water well supply is required for government approved loans in several counties including Santa Cruz and Monterey Counties."

Lowered water requirements make it easier for developers to sanction new construction in dryer areas where normally many banks would require 5.0 gallons a minute well water supply. Homeowners need to do their homework before purchasing a home making such a purchase with such low requirements.

"2.5 gallons is sufficient to take a shower or do laundry, but keeping a lawn green for instance is out of the question." said Strong. Lowered water requirements ultimately could affect the value of the home, increase population density and decrease quality of life standards.

"Often this information does not get sufficient media showcasing because talking about this serious issue [how water is becoming scarce] is a bi-partisan no-no.

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