And gayborhood residents can cash in big — up to 294% more value for their homes compared with those in surrounding metro areas, as shown in the analysis of 36 housing markets, released in May.
“You can see from one block to the next — literally across La Brea, there’s a massive price difference, even if the quality and condition of the homes are almost identical,” she said, referring to the West Hollywood boundary. The premiums aren’t just prizes handed out by fate — prime landing spots on life’s wheel of fortune, thanks to fortuitous spins — but the results of some savvy risk-taking.
As properties in such neighborhoods improved — many point to a “gay aesthetic” that smartly transformed dilapidated homes — more affluent LGBT buyers arrived and real estate prices skyrocketed. The charmed cycle has worked so well that run-down DetroitCleveland’s Riverside gayborhood carries the study’s top dividend of 293.9%. Other notable premiums: 116.9% for New York’s west south-central gayborhood; 241.9% for the area around Philadelphia’s Lombard-South subway station; and 109.
Sure they are....
Funny how these same gays/beneficiaries oppose new developments to let others live our neighborhood?!
no kids, no private school bills-- no limits in house decorating : good for neighborhood
Dear God Please send the gays to my community so I can see a greater return on my properties value.
do these folks like Moscow Mitch ?
Because we take Pride in our hoods.
I'm going to do a Jack Tripper when I sell my place.
What in the neoliberal rainbow capitalism is this shit 🙄🤔😤
That’s because their homes are tastefully decorated within walking distance to great cafes.
Mmm yes, tasty rainbow capitalism.