Santa Cruz, Ca, UCSC research may have a real estate impact
Researchers at UC Santa Cruz are working on a multi-layer thin film deposition material for solar panels. The creation of this new material is being built one nano layer at a time, with different layers having different properties. The material is a custom composition that does not exist in nature.
While solar is the natural application that is hot at the moment, this process has the potential of a 3 times increase of efficiency. While this potentially has a great green effect on housing, there are other applications that show promise as well in the formation of hydrogen wherever there is sunlight.
As the real estate in Santa Cruz and other high cost areas is unlikely to significantly change, this could potentially open up for real estate development other areas that have plenty of sunlight, but other limitations. The desert is one such area hypothesized as a potential use for this technology. As real estate valuation is a function of location, and supply and demand, the costs for a growing nation can potentially be mitigated by development in the vast desert areas of Nevada and Arizona. In the meantime, property in Santa Cruz continues to be a sought after commodity and is out of the financial grasp of most of the general populace. If you want to see what values are now, follow the prior link. While the desert is a beautiful, I suspect that most will opt for the beautiful environs of Capitola or Aptos, at least while people are younger. The desert heat seems to be welcomed by our seniors, as evidenced by the fast growth in Arizona and Nevada, though I suspect water will be the problem that will rein in growth. Wouldn’t it be nice to generate water from sunshine? Stay tuned.
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Date: Friday, January, 11th 2008 @ 02:59:36 PM
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