by Osman ParvezLast night, I attended an educational event on hydraulic fracturing (or "fracking") in Boulder. Some of the organizers of the successful Longmont Ban were present, as were representatives of several local environmental groups.
As I wrote in Fracking and Real Estate Values, this issue is not about to go away. Awareness over the cancer causing stew of chemicals being pumped into the ground and the damage to our local air quality is growing. Last summer, I had my very first buyer who removed Erie, Longmont, and Lafayette from consideration because of proximity to fracking wells. She was concerned about the impact that fracking could have on her young daughter's health, and rightfully so. Because of her, distance to oil and gas wells is now on my due diligence checklist.
Even if the health affects don't concern you (they should), fracking will have a growing impact on local real estate values. Frack Free Boulder is a new organization has been created to push for a ban on fracking in Boulder. It's worth checking out and bookmarking.
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Please note: My goal is to provide exceptional service to our clients. The ideas and strategies in this blog post are the opinion of the writer at the time of publication. Careful and complete due diligence is strongly advised before buying or selling real estate or other investments. Consult with your professional advisers before making financial decisions. This article is not intended as legal, tax, or investment advice. Silver Fern Homes will not be held liable for investment choices derived from this article.
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