Quote:
Property values rose in 79 percent of the neighborhoods with a group home and in 71 percent of the neighborhoods that did not contain a group home.
According to this "study," group homes in the neighborhood actually INCREASE property values. Sure they do...
Addressed in the study if you bothered to read it. Obviously you would rather be ignorant than look at actual facts.
Come back when you have something more than outright rejection of scientific studies because you donÂ’t like the outcomes.
You're reading the results from this OLD report wrong. It shows no causal link between a group home and a non-group home. It shows a slightly higher percentage of neighborhoods that experienced a rise in property values.
In fact, the study explicitly states this:
"By itself, this raw data could lead to an unwarranted conclusion that the presence of a group home generally leads to increased property values. However, the change in before and after mean sale price for each group home neighborhood must still be subjected to one of the most rigorous statistical tests, the student 1 s t-test, to determine whether the difference between the before and after mean sale price is due to chance or to establishing the group home."
Then there's this:
"Clearly, property values generally rose during the study period. The aver*age mean sale price in the 14 group home neighborhoods rose from $60,303 to $63,318 after group homes opened, an average increase of $3015. The average mean sale price in the 14 control neighborhoods rose $4099, from $57,831 to $61,930. "
So this study shows that overall there is no decrease in property values by opening a group home. However two somewhat affluent neighborhoods were included, one with a group home and one without. Any guesses on the results?
MT PROSPECT MP-6: Mean Sales prices of $110,705 before the group home, $110,091 after the group home while the control neighborhood without a group home was $91,004 and $105,895 during the same time period.
So it appears the study you cited supports the concerns of the owners in the OP.