Impact of Development on Neighbouring Homes

We’ve all heard of NIMBY – “not in my back yard.” It’s the response of home owners who are frightened by the impact they believe certain kinds of developments will have on the value of their homes and oppose them.

Here’s a study from MIT that suggests that when it comes to multi-family developments, despite all those fears, there’s no impact on the value of nearby homes at all. Interesting!

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