I'm talking about speculators engaged in predatory flipping (and was also assuming adjusting for inflation). Water rights speculation has apparently only been

I'm talking about speculators engaged in predatory flipping (and was also assuming adjusting for inflation). Water rights speculation has apparently only been going on in Arizona for around 30 years. While some of this speculation may be net beneficial (use of recharge areas to recharge ground water), others just seem speculative and aimed at making a premium when municipalities are eventually forced to buy.