Hoen on property value loss (again): making statistics say what you want
In spite of the fact that properties near wind power projects remain unsold, or take a long time to sell, and sell at reduced prices, the Ontario government, MPAC, and of course the wind power lobby organization all insist there is no effect on property values. On the one hand, we have the Ontario Real Estate Association (OREA) including wind power plants as a negative to be disclosed on the Sellers Property Information Sheet, and we have Realtors telling us buyers don’t even want to SEE the turbines, let alone live next to them, and on the other we have these industry-supported opinions that say, everything is just fine.
Ben Hoen has released yet another study on property values (the last one was roundly trashed, in particular by Sunak and Madelener of Aachen University) which this time seems to answer criticisms that past studies did not look at property values prior to the announcement of wind power projects.
In all the manipulation of statistics present in this report, there is one grain of truth: there is little data about properties very close to wind power projects, Hoen says. That’s because, Mr Hoen, you can’t measure what didn’t happen; expired listings are as important as sales, but they don’t register.
Here is an analysis of the study by Wayne Gulden.
Amaranth turbine fields; the area has been the subject of studies by Chris Luxemburger and Ben Lansink, both of whom found significant property value loss.