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“I predict a series of rural ghettos — abandoned, unmaintained homes  

Credit:  Wind Turbine Syndrome News, www.windturbinesyndrome.com 16 October 2010 ~~

In 30 years of appraising, studying and consulting on all types of real estate and development projects, I have never seen the effects, impacts and reactions of the magnitude or severity that turbine neighbors and their property rights are subjected to. Short of a nuclear reactor meltdown (e.g., Chernobyl), nothing has caused so many people to experience the physical and health-driven need to relocate. It is amazing that industry and government both are doing absolutely nothing to address this trend, and correct it before it is too late for even more residents.

If this continues unchecked, I predict a series of rural “ghettos”—of abandoned, unmaintained homes, and an economically disadvantaged class of people finding these devalued homes to be the only place they can afford. Great places to hide illegal operations—few neighbors, cheap structures and the ability to vacate in a hurry if the heat gets turned up—much like the old buildings in poor neighborhoods in the cities. Who else is going to want them?

Wind companies should be required to offer buy-outs at market value (pre-project value) within 2 miles of projects, and certainly within the massive footprints. In this manner they can prove they are not destroying value by reselling for the same price. However, in each instance I know of when a wind developer did indeed buy and resell a neighboring home, they re-sold for 60% to 80% below their purchase price.

Thus, an erosion of homeowner equity has in fact been proven by the cause—the wind industry itself.

Any readers who have factual information or personal accounts of this nature are invited to email details contact me to discuss.

Mike McCann
McCann Appraisal, LLC
500 North Michigan Avenue
Suite 300
Chicago, Illinois 60611
(312) 644-0621
(312) 644-9244 fax


Source:  Wind Turbine Syndrome News, www.windturbinesyndrome.com 16 October 2010

This article is the work of the source indicated. Any opinions expressed in it are not necessarily those of National Wind Watch.

The copyright of this article resides with the author or publisher indicated. As part of its noncommercial effort to present the environmental, social, scientific, and economic issues of large-scale wind power development to a global audience seeking such information, National Wind Watch endeavors to observe “fair use” as provided for in section 107 of U.S. Copyright Law and similar “fair dealing” provisions of the copyright laws of other nations. Send requests to excerpt, general inquiries, and comments via e-mail.

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