Marijuana’s Impact on Home Values

A recent study published in the academic journal Real Estate Economics concluded that homes within 0.1 miles of Denver’s 103 marijuana dispensaries saw increased home valuations by up to 8.4%. Based on average housing prices in those areas, the value was estimated to be $27,000 for a typical, single-family home.

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Additionally, between 2014 and 2019, cities that allowed retail dispensaries saw home values increase $22,888 more than those where marijuana remains illegal. These insights are consistent with findings from the CATO Institute; homes closer to retail dispensaries are approximately 8.4 percent more valuable than those further away.

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And, in reality, there is no clear data that Habitat homes have an impact on home values, he said. Wake County Habitat for Humanity is taking part in a national event where almost 200 homes will be.

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A: Private mortgage insurance is generally required when less than a 20 percent down payment is made on a home purchase or when the homeowner owes more than 80 percent of the appraised value (less.

The term medical marijuana refers to using the whole, unprocessed marijuana plant or its basic extracts to treat symptoms of illness and other conditions. The U.S. Food and Drug Administration (FDA) has not recognized or approved the marijuana plant as medicine. However, scientific study.

Oregon Marijuana Laws: Buying and Selling Land is a Trip. Like any seller, a seller who finances the sale of real property to an Oregon. Cannabis Storefront Retail Benefits Neighboring Property Values, the practical aspects of cannabis law and how it impacts those involved in this growing industry.

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NO, it will be impossible. Legalizing marijuana will impact everyone even if you don’t smoke it. Most of us don’t have $4 million or greater to invest in prevention but we do have family, friends, business peers, everyone you can think of. Knowledge is the best form of prevention.forward website link, print brochure & distribute.

impacts of a regulated marijuana program in NYS. which would lead to a decline in home invasions. Finance was followed using $270 and $340 prices.

Tsur Somerville, a professor at ubc sauder school of Business, was mentioned in a Financial Post article about population growth and its impact on housing markets.

Marijuana plants require significant light and water to thrive. This affects utility usage, and, if not controlled, can cause mold due to the high humidity that encourages growth.

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