{"id":366,"date":"2012-02-28T17:06:10","date_gmt":"2012-02-28T17:06:10","guid":{"rendered":"http:\/\/riverbankfinance.com\/blog\/?p=366"},"modified":"2013-01-19T14:10:40","modified_gmt":"2013-01-19T14:10:40","slug":"michigan-water-bills-to-rise","status":"publish","type":"post","link":"https:\/\/riverbankfinance.com\/blog\/michigan-water-bills-to-rise\/","title":{"rendered":"Michigan Water Bills to Rise"},"content":{"rendered":"

\"Water<\/a>What are the sheer necessities of life?\u00a0 Many would consider them to only be food, water and shelter.\u00a0 Unfortunately though, the price of water will be drastically increasing in the near future.\u00a0 Why would the most abundant and important resource on the planet drastically increase in price though?\u00a0 At first I had imagined that prices were rising due to a limited-freshwater supply. Well that couldn\u2019t be further from the truth.\u00a0 It actually has to do with the United States\u2019 infrastructure.<\/p>\n

Take a look at the vast majority of bridges, highways, roads, sewers and water systems within the country, just about all of them date back many decades.\u00a0 The American Water Works Association<\/strong> estimated it would cost upwards of $1 trillion<\/strong> to completely revamp and expand our current drinking water system from now until 2035<\/strong>.<\/p>\n

The main reasons we have to expand is because, one, our water systems are decades old at this point and are becoming increasingly unreliable.\u00a0 Secondly, with the world population rapidly growing, we have to revamp our entire system in order to handle how fast we are expanding throughout the globe.<\/p>\n

It\u2019s absolutely necessary that we improve our water system but it will come at a cost.\u00a0 Currently, the average American household pays $335 per-year<\/strong> in water bills<\/strong>.\u00a0 The expectation is that homes located within or at least near bigger cities throughout the nation will NOT see a major jump in their water bills.\u00a0 The reason behind this is that most cities do work annually on their water systems and some cities have already adapted to larger populations.<\/p>\n

The main focus of restructuring our water infrastructure will be out in rural areas.\u00a0 These areas often lack proper water systems and the groundwork is being laid out as we continue to expand our suburbs outwards.\u00a0 Rural homeowners, including Michigan homeowners<\/strong>, can expect to see an increase in their annual water bills anywhere from $300 to $550<\/strong>.<\/p>\n

With potential bill payments reaching those numbers, it would be smart to save as much money as you can now on your monthly payments. First start with the big ones, what\u2019s the one payment most homeowners spend a boatload on?\u00a0 That would be their mortgage.\u00a0 Luckily we\u2019re here to help though as Riverbank Finance<\/a><\/em> specializes in mortgage refinancing in Michigan<\/strong>.\u00a0 So give our certified loan-officers a call today at 1-800-555-2098<\/strong> to begin your refinancing.<\/p>\n

Refinance your loan today!<\/h2>\n\n
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