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We examine neighborhood externalities that arise from the perceived risk associated with the proximity of a registered sex offender's residence. We find large negative externality effects on a property's price and liquidity, employing empirical techniques that include a fixed-effects OLS model,...
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This paper analyzes the effect that living near a sex offender has on the marketability of ones home. Specifically, we estimate the impact on a homes sales price, its list price, and on the length of time it takes to for the home to sell. Since the 1994 passage of Sexual Offender Act (known as...
Persistent link: https://www.econbiz.de/10013135582
variation in the threat of crime within small homogenous groupings of homes, and we use the timing of sex offenders' arrivals to … offenders or view living near an offender as having costs exclusive of crime risk …
Persistent link: https://www.econbiz.de/10012466415
We examine neighborhood externalities that arise from the perceived risk associated with the proximity of a registered sex offender’s residence. We find large negative externality effects on a property’s price and liquidity, employing empirical techniques that include a fixed-effects OLS...
Persistent link: https://www.econbiz.de/10014164850
We investigate the relationship between crime and property prices in the Santiago (Chile) real estate market. Our study … general crime has a negative effect on property prices, but the size of this effect varies considerably depending on the type … of crime. We also find that apartments respond almost immediately to changes in crime rates while single-family homes …
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