Orange County home prices plunge - recycled water was meant to mean a price boom ...
In 2006, claims were made by people in favour of former Mayor Thorley's recycled water plant for Toowoomba (and published on the Toowoomba City Council's website - see comments) that home prices would rise dramatically if it was implemented.
They used the example of Orange County to demonstrate this.
Put in a recycled water plant and everyone will buy homes in the region they said.
Their theory overlooked one small issue - the bubble developing in US home prices.
Orange County still has its recycled water project and what's happened to home prices?
They've plunged.
Using the Yes team rationale, it looks like putting in a recycled water plant leads to plunging home prices in the region.
Or it's the bursting of the real estate asset bubble.
The passage of time has shown their argument to be complete rubbish - like most of the Yes campaign ...
posted by Concerned Ratepayer at 2:25 PM
3 Comments:
"Kirstie Smolenski, Toowoomba: I have been talking to a contact in Orange County USA about land prices. He states that since they started recycling water the land prices have near doubled. A house that is positioned above an aquifer containing recycled water was priced at $320,000 pre recycling and is now $620,000. His reasoning is that people understand the value of living with a sustainable, pure, water supply."
Complete rubbish then and still complete rubbish ...
4:57 PM, March 13, 2009
Wonder where the prices are in 2009?
5:17 PM, March 13, 2009
Kirstie should stick to enlarging her family. The ordinary common garden variety Aussie has more common sense than academics. People are not going to drink water sourced from the sewer no matter how it is dressed up as being safe. I am afraid that the big Companies who are promoting this unhealthy source of water are going to have some explaining to their shareholders when it proves to be unsaleable
7:55 PM, March 13, 2009
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