I want to buy land in Monterey, but I am worried about running into this issue. I'd love to chat some time to see if there is anything that can be done about it. My email is virgofth at gmail. Thanks!
- land in Monterey is currently cheap (because of the water meter moratorium)
- there's a mostly-complete project that will make adequate water capacity available soon [1]
- there's a not-yet-fully-approved project that will make lots more water available [2]
- a well-connected insider has told me that water will be available within the next 2.5 years
- you can extract cash up to 50% of your investment value via a HELOC
- if you do get a water meter at some point, your investment will bag 6x to 10x instantly
- it's nice for my ego to get mailers from Sotheby's International Realty asking me if I want to sell my house (they're sending these mailers to everyone, even to people such as myself who don't have an actual house on their land)
- I'm serious about engineering a class-action lawsuit against them to not only issue water meters, but to also allow prefab housing (currently banned) such as Boxabl
- lastly, just between you and me: Monterey is easily a top-5 location in the USA, if not the world. on. every. metric. there's limited land. and no more land is ever going to be produced. grab it while you still can.
[1] https://www.montereyherald.com/2021/09/23/monterey-peninsula...
[2] https://finance.yahoo.com/news/california-coastal-commission...