Study: Gay Couples Lift Real Estate Prices in Liberal Neighborhoods, Dampen Them in Conservative Ones
Gay couples have a negative impact on housing prices in conservative neighborhoods and a positive impact on them in liberal neighborhoods, according to a new study:
A controversial new study suggests that in neighbourhoods where extreme conservatism prevails, the presence of one more same-sex couple for every 1,000 households is linked to a one per cent drop in housing prices. In liberal neighbourhoods, by contrast, researchers find the associated effect of gays and lesbians on housing prices to be positive.
The study, which appears in the Journal of Urban Economics, draws data from more than 20,000 home sales, and controls for such mitigating factors as access to amenities, racial homogeneity, education, income, housing characteristics and quality of nearby schools.