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Note To Anti-Gay Conservatives: Study Finds Homophobia Decreases A Community's Property Value |
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Written by Jonathan Higbee |
Monday, 07 November 2011
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| Tags: studies, research, property values, homophobia, discrimination, tolerance, community, acceptance, gay, same sex couples, marriage |
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You can't put a price-tag on love (unless you're a Kardashian), but, as it turns out, you might be able to put a price tag on hate. Will greedy conservatives afford a new study finding that property values in LGBT-tolerant neighborhoods on the increase?
David Christafore of Konkuk University in Seoul and Susane Leguizamon of Tulane University in New Orleans, both economic professors, studied one Ohio town to uncover the economic impact of equality and acceptance on property value.
Reports Business Week:
The economics professors, who studied home values in 2000 in and around Columbus, Ohio, concluded that an increase in the number of same-sex couples by one in 1,000 households is associated with a 1.1 percent price premium in enclaves that backed gay marriage. The same influx in areas that didn’t support same-sex marriage was linked to a 1 percent discount.
“The perception that there is prejudice against gay and lesbians by conservative groups is strong enough to be picked up in market prices,” Leguizamon said in a telephone interview.
Even more evidence that becoming an equality-minded country only serves to boost the ailing American economy.
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