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Newsflash
| It’s unlikely that repaired houses will quickly catch up with the value of unaffected houses nearby, said Kilpatrick. In a neighborhood with appreciation rates of 5% a year, he said, a house that suffered a 30% or 40% loss of value from stigma would have to appreciate at 10% a year in order to catch up over a 10-year period — and that’s without considering any lingering claims about health effects. So for owners of affected houses, it’s likely that remediation will not fully solve their problem — and that even after the house is “fixed,” the house won’t really be fixed. |






