If a casino is built less than a mile from your house will your property value go down? Will your house sell for less because of the casino being so close?
2007-12-17 20:44:16 · 3 answers · asked by unknown 3 in Business & Finance ➔ Renting & Real Estate
Are you kidding? The business they generate not only pertains to the casino itself, but to the whole city. The property value is now decreasing because of the careless boom in construction everywhere, due to the deceiving "savings " in interest rates and that we are in the verge of a recession, if we are not already there. Ask somebody who lives in Palm Springs or surrounding areas.
2007-12-17 21:00:47 · answer #1 · answered by Anonymous · 1⤊ 3⤋
Depends on just how close that casino is to your property. If the traffic and noise aren't issues which affect the property, chances are that its value won't be affected much. However, if the property is quite close and on the same thoroughfare which handles the traffic to the casino, some devaulation will probably be experienced.
In other words, it's the constant traffic past the house, and the possible effects of the bright lights and noises which would be determining factors.
2007-12-18 07:16:14 · answer #2 · answered by acermill 7 · 1⤊ 1⤋
yes, and raise crime rates
2007-12-18 04:47:32 · answer #3 · answered by Anonymous · 0⤊ 1⤋