How much will your property value drop? It depends on how close you are to the power plant. Here is a report from UC Berkeley that concluded a 3-7% decline in property value within 2 miles of a power plant after construction: click here to read “The Effect of Power Plants on Local Housing Values and Rents”
Here is the math:
A $250K home could be worth $232K
A $200K home could be worth $186K
A $150K home could be worth $139K
Don’t expect the radius to be a cut off point. Home values will drop if you live outside the 2 mile radius. Lower home values almost always impact their neighbors.
FYI Next Community Meeting May 1 meeting 6:30 at Mission Trails visitor center we need everyone there, please come help us protect Santee, San Carlos, Tierrassanta and the Park.