Study Shows Fracking Leads to Falling Property Value
View on The Chronicle website"'Regardless of whether water contamination is happening, the perception that it might be happening is enough to have large effects on property values,' said Lucija Muehlenbachs, visiting fellow at Resources For The Future, an environmental think-tank, and one of three authors of the study. 'The results of the study demonstrated that groundwater contamination risk is calculated into the value of homes that are located near shale gas wells which negatively affects the homeowners by lowering their property value.'"
