Maybe we shouldn't be expanding cities and developing new suburbs in such arid regions that don't have enough water?
> More recently, private investors have been buying up agricultural water rights around the state in the hope of reselling them to homebuilders.
So even under the current system, urban/suburban expansion _can_ proceed, but it's disincentivized due to the additional cost of securing water rights? That seems like a good deterrent to building in a marginal location, not a problem.