So many people I talk to don’t seem to understand how the decision by the FAA to direct low flying plane over our community will affect their health and their property values.
Last week I had a conversation with a neighbor about all the
airplanes flying over our community. The gentleman stated that he intended to
sell his home and move to Florida. He expressed little interest in making phone
calls and writing letters to politicians for assistance. I informed him that
his ability to sell his home and the price he would receive would be negatively
affected by aircraft noise. So many people I talk to don’t seem to understand
how the decision by the FAA to direct low flying plane over our community will
affect their health and their property values. Take a look at this article.
The Impact of Airport Noise on Residential Real Estate
by Randall Bell, MAI
“As populations and airports expand, airport noise is an
increasingly important issue for real estate analysts. In researching real
estate damage issues, the topic of airport noise and its impact on property
market values are particularly well-documented and well-researched areas. This
article puts airport noise into the framework of the Detrimental Conditions
(DC) Matrix, outlines the measurement of “noise,” sets forth some of the health
effects of airport noise, and addresses the impact that airport noise has on
property market values. There are dozens of published studies on the topic, all
of which virtually come to the conclusion
that homes under or nearby the flight corridors of national or inter- national airports experience some
diminution in property market values.”
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