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DRAFT OC Board of Adjustment – 11/9/15 Page 92 of 156 Michael Ogburn: Yes sir. 1 2 Matt Hughes: It focuses mostly on New Zealand, there’s some reference to some other places as 3 well but, work me through how appraisals… How could appraisals be different in another country? 4 Does that make sense? 5 6 Michael Ogburn: Oh yeah, so. 7 8 Matt Hughes: Is there some sort of professional standard no matter where you are, let’s say 9 between the United States and Canada and New Zealand would not adhere to those? 10 11 Michael Ogburn: What we would anticipate is the same economic factors are going to be in play in 12 New Zealand as they are in the United States, but what I have generally found to be true 13 regardless of where you live most people are pretty doggone much the same. And if they don’t 14 like to look at metal poles in New Zealand they probably don’t like to look at them in Orange 15 County either. Ok, so, did I rely on this as a basis for my conclusions? No sir. I believe that it is 16 supportive of those conclusions that I drew, yes sir. What I’m saying is I’m not the only one out 17 there that came to this conclusion. Now, they did a much more thorough study than I did. They 18 don’t pay appraisers to do studies… I do a lot of preservation easements on historic properties 19 and that type of thing. The articles that were written for it were 40 and 50 years ago. They’re still 20 the only articles out there where they’ve measured the effects, so this is not unusual for us then to 21 use something that was published in, for appraisers the Journal, and this is a good stay. And there 22 just hasn’t been anything else. Oh, these same people did write some others but this was the one. 23 24 Barry Katz: Well as far as the EMF stuff goes, the magnetic field varies with the distance from the 25 source. 26 27 Michael Ogburn: That is what I understand also. 28 29 Barry Katz: To the fourth power, which means if you double the distance there’s 10,000 times less 30 influence, and you’re talking about a quarter of a mile away. You’re getting more from holding your 31 phone to your ear. It’s not really relevant to this, in reality. Your point is what people’s impressions 32 are. 33 34 Michael Ogburn: That’s correct. 35 36 Barry Katz: That’s all it is. 37 38 Michael Ogburn: That’s all it is. 39 40 Barry Katz: And your opinion about this. 41 42 Michael Ogburn: So again, all I’m saying is if there are people out there that perceive that to be 43 true, I’m not saying it is, but if it is it’s going to adverse affect our demand curve. 44 45 Barry Katz: I have a question about demand and your opinion about this. 46 47 Michael Ogburn: Yes sir. 48 49 94