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Approved 3113117 <br />1 Michael Ogburn: Yes sir. <br />2 <br />3 Matt Hughes: It focuses mostly on New Zealand, there's some reference to some other places as <br />4 well but, work me through how appraisals... How could appraisals be different in another country? <br />5 Does that make sense? <br />6 <br />7 Michael Ogburn: Oh yeah, so. <br />8 <br />9 Matt Hughes: Is there some sort of professional standard no matter where you are, let's say <br />10 between the United States and Canada and New Zealand would not adhere to those? <br />11 <br />12 Michael Ogburn: What we would anticipate is the same economic factors are going to be in play in <br />13 New Zealand as they are in the United States, but what I have generally found to be true <br />14 regardless of where you live most people are pretty doggone much the same. And if they don't <br />15 like to look at metal poles in New Zealand they probably don't like to look at them in Orange <br />16 County either. Ok, so, did I rely on this as a basis for my conclusions? No sir. I believe that it is <br />17 supportive of those conclusions that I drew, yes sir. What I'm saying is I'm not the only one out <br />18 there that came to this conclusion. Now, they did a much more thorough study than I did. They <br />19 don't pay appraisers to do studies... I do a lot of preservation easements on historic properties <br />20 and that type of thing. The articles that were written for it were 40 and 50 years ago. They're still <br />21 the only articles out there where they've measured the effects, so this is not unusual for us then to <br />22 use something that was published in, for appraisers the Journal, and this is a good stay. And there <br />23 just hasn't been anything else. Oh, these same people did write some others but this was the one. <br />24 <br />25 Barry Katz: Well as far as the EMF stuff goes, the magnetic field varies with the distance from the <br />26 source. <br />27 <br />28 Michael Ogburn: That is what I understand also. <br />29 <br />30 Barry Katz: To the fourth power, which means if you double the distance there's 10,000 times less <br />31 influence, and you're talking about a quarter of a mile away. You're getting more from holding your <br />32 phone to your ear. It's not really relevant to this, in reality. Your point is what people's impressions <br />33 are. <br />34 <br />35 Michael Ogburn: That's correct. <br />36 <br />37 Barry Katz: That's all it is. <br />38 <br />39 Michael Ogburn: That's all it is. <br />40 <br />41 Barry Katz: And your opinion about this. <br />42 <br />43 Michael Ogburn: So again, all I'm saying is if there are people out there that perceive that to be <br />44 true, I'm not saying it is, but if it is it's going to adverse affect our demand curve. <br />45 <br />46 Barry Katz: I have a question about demand and your opinion about this. <br />47 <br />48 Michael Ogburn: Yes sir. <br />49 <br />OC Board of Adjustment — 12/12/16 Page 92 of 156 <br />