May 07, 2012 4:14 AM GMT
Homophobic Neighbors can be Bad for Home Values
"In the United States, for example, 26% of respondents to the WVS said that they would not like to have homosexuals as neighbors – more than six times the number who said they would not like to have a person of a different race as a neighbor."
"having homosexual neighbors actually increases home values. So while 26% of Americans may state they would object to having homosexual neighbors, on average this prejudice in not showing up on the housing market."
"They find an increase in same-sex households in a neighborhood that is more socially liberal leads to higher home values while an increase in same-sex households in a neighborhood that is more socially conservative leads to lower home values.
Remarkably, they find that just one additional same-sex couple (per 1000 households) in an extremely socially conservative neighborhood reduces house prices in that neighborhood by a full 1%. "