It isn’t the high cost of housing that is threatening Austin’s and, for that matter, Central Texas’s character and future. It is the threat of draconian water rationing. Potential newcomers may choose not to come. There should be a follow-up study detailing the effect on home sales and property values when, for instance, a housing developer fails to secure a stable, expandable, long-term water supply. At the rate we are depleting lakes Travis and Buchanan, lots of housing in Austin and Central Texas will be affordable soon. Thankfully, the Legislature has put a November referendum in place to allow Texas to sustain our future, our property values and our way of life. Hopefully, voters will understand that every Texan is effected by the current water shortage west of Interstate 35.
The story you’re reading is premium content from the Austin American-Statesman. Subscribers get total access to all our in-depth news, digital editions and exclusive premium content. You can also buy a 24-hour digital pass or 7-day digital pass.
Read MyStatesman.com now — 24-hour digital pass99¢ for 24-hours
Read MyStatesman.com all week — 7-day digital pass$3.99 for 7-days
Subscribe to the Statesman for as little as 33¢ per dayView Offers
For Subscribers: Register your account for digital access.Access Digital
For Subscribers: Sign in here if you have already registered your account.Sign In