Gay Neighbors Raise Home Values

Gay Neighbors Raise Home ValuesGays have a positive impact on home values in liberal areas. But in conservative ones, same-sex couples drag down prices — probably because people don’t want to live near them.

Time to thank your neighbors for their nice flower boxes. A new study summarized by the Harvard Business Review confirms what’s become conventional wisdom in many urban areas that gay couples have a positive impact on a community’s home values. But there’s a surprising twist:

The addition of one same-sex couple for every 1,000 households is associated with a 1% increase in home prices in U.S. neighborhoods that are socially liberal, but a 1% drop in neighborhoods that are extremely conservative, say David Christafore of Konkuk University in South Korea and Susane Leguizamon of Tulane University.

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Authored By Garance Franke-Ruta – See the Full Story at The Atlantic

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