House price recovery and stigma after a failed siting
The costs of siting a locally undesirable facility include those borne by developers, local government, and those homeowners whose houses decline in value. When a siting fails, developer and government costs are still incurred, in addition to the costs of community opposition. However, the impact of...
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| Veröffentlicht in: | Applied economics 1996-11, Vol.28 (11), p.1351-1358 |
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| container_title | Applied economics |
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| creator | Kiel, Katherine A. McClain, Katherine T. |
| description | The costs of siting a locally undesirable facility include those borne by developers, local government, and those homeowners whose houses decline in value. When a siting fails, developer and government costs are still incurred, in addition to the costs of community opposition. However, the impact of a failed siting on residential real estate prices has not been assessed. In this study, house prices in a market surrounding a failed incinerator are examined. While proposing an incinerator did negatively impact house values, prices rebounded after the facility was cancelled. Residents did not attach any stigma to the site. |
| doi_str_mv | 10.1080/000368496327615 |
| format | Article |
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When a siting fails, developer and government costs are still incurred, in addition to the costs of community opposition. However, the impact of a failed siting on residential real estate prices has not been assessed. In this study, house prices in a market surrounding a failed incinerator are examined. While proposing an incinerator did negatively impact house values, prices rebounded after the facility was cancelled. Residents did not attach any stigma to the site.</abstract><cop>London, etc</cop><pub>Taylor & Francis Group</pub><doi>10.1080/000368496327615</doi><tpages>8</tpages></addata></record> |
| fulltext | fulltext |
| identifier | ISSN: 0003-6846 |
| ispartof | Applied economics, 1996-11, Vol.28 (11), p.1351-1358 |
| issn | 0003-6846 1466-4283 |
| language | eng |
| recordid | cdi_proquest_miscellaneous_38975723 |
| source | Business Source Complete; Periodicals Index Online; Taylor & Francis |
| subjects | Costs Economic theory Economics Effects Houses Housing market Housing prices Local government New York Plant location Prices Property values Residences Site selection Studies U.S.A |
| title | House price recovery and stigma after a failed siting |
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