Do Sex Offenders Affect Home Values?
I may get in a lot of trouble for this entry. Gonna do it anyway. This has become crimes & misdemeanors week here at StrawStickStone so I might as well finish in the same vein.
So most of us know that there are websites that US Residents can use to look up whether or not a registered sex offender is living in the immediate vicinity. California's "Megan's Law" and similar legislation in the other 49 states require the information to be freely available to the public. The registries are maintained by the FBI, Department of Justice and local police forces. They're pretty darn accurate.
When the laws were first enacted, there was some pushback from homeowners who feared that publication of registered sex offenders' addresses would have a severely negative effect on home values. I've been wondering for years if this has actually been the case. (more…)