Does anyone else wonder how the water issues that we are seeing become more pervasive in the south west will impact long term investment? I have family that liv

Does anyone else wonder how the water issues that we are seeing become more pervasive in the south west will impact long term investment? I have family that lives in PHX so I'm familiar with the area and much of the development. Though I cannot help but conclude that at some point water shortages become a massive problem in that area. My naive understanding is fab plants recycle (re-use?) much of their water but ignoring that, fab plants need people and people need water.