Fracking's Impacts On Property Value.

            As adults, we begin absorbing more responsibilities than we had as children. One responsibility we gain is real estate. As we go through life, we must worry about planning for our future. A part of that future would be our property value. Our property value determines how well we can sell our homes or property when we become interested. When the value increases, your chances for a profit rise, however there are many factors that can drive the value down. Fracking is an example of such. Alongside the pros of fracking, there are just as many cons. When you buy home, you want to create a lifestyle for yourself and your family. This can prove to be a hard feat when you’re dealing with conditions that come with fracking. One condition that comes with fracking, is the visual of a big drill rig. One big factor when it comes to buying a home is the view. Whether it be the mountains, the city or big trees, the view is very important. According to an article on the website of Resource Media, in 2014, a family from Texas was awarded $275,000 just for the loss of property value from dozens of oil wells that were drilled near their home. Per the article, Nanner Fisher, a real estate agent from Boulder county, said that if there is an oil rig visible near the property, the prospective buyer will ask to see another property. Buyers these days do not want a property that will not have a chance to increase in value as the years go on, because the thought of losing money is unheard of. In order for fracking to take place, a large amount of water must be mixed with toxic chemicals and pumped underground creating fracking fluid. When the fracking fluid is pumped underground, there are chances the fluid will spill out and into rivers and streams and may also contaminate local water that flows underground.