Hydraulic fracturing, or fracking, is a form of gas drilling with serious environmental and health effects. Now come reports that it's also having an equally egregious effect on real estate economics.
A recent article points out that, in areas where fracking has occurred, real estate prices are depressed due to fears of drinking water contamination, air pollution, noise and other fracking-related concerns -- proving, once again, that everybody's an environmentalist when it benefits their personal finances.
In an ironic twist, this may be good news to those of us who breathe air or drink water: The outcry over fracking is finally being heard, and politicians like New York's Gov. Andrew Cuomo are thinking twice about the long-term impacts of this dangerous drilling technique.