Wednesday
Jul132011
Wednesday, July 13, 2011 at 1:04PM
How Marcellus Shale Gas Drilling Will DEPRESS Your Property Values
Imagine this: You lease your land to a gas drilling company, then, before or after drilling,you decide that you want to sell your land. You find plenty of prospective buyers---the problemis that none of them can find a bank to finance a mortgage, because most banks andinsurance companies consider gas-leased land to be an unacceptable risk.Where does this leave you? Most likely stuck. And what does it do to the value of yourproperty? Most likely depreciate it, and the value of neighboring properties, too.
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