Barbara............you should be able to buy a home located near high tension wires for less than a similar home several blocks away......you need to remember that when you go to sell, as you will be selling it for less then, too. But, all things are relative. You certainly will be able to buy more home for the money. The choice is up to you.
Please don't be frightened away by 1 person's opinion or heresay. You can do your own due dilligence on the internet.Call the local electric company.
My town has a number of neighborhoods (and even an elementary school )located near the wires. When the concerns first came to light over 15+ years ago, the town called in a lot of experts, and there were a lot of open town meetings and discussions........all the information was made available in the library. The elementary school, which had been temporarily closed pending the scientists' evaluations, was reopened. It is thought by many that there is no more exposure to harmful "rays" from these wires than from the microwave in your home or the electrical appliances we use on a daily basis. The general concensus was that there was no danger.
. Of course, these type of issues are affected by perception, too.........I have had clients say they don't fear the wires as far as health is concerned, but they do worry about resale, and the fact that the wires are just unsightly..
It's up to you..............these homes do sell (at least in my area they do, as they are quite common), but they do sell for a lot less. There are buyers who won't even look at a home near the wires, so you need to be aware of that.
By the way, here an owner can call in the power company, and they will do readings to show what the power levels are in thw home coming from the wires. Often, the readings are rather low.
So, my response is....it's not a definite no-no.....it's a decision you can make once you do a little studying and due dilligence.
Prudential NJ Properties