Comments on: Do casinos decrease the property values of the homes near them?

By: acermill

acermill — Wed, 30 Dec 2009 00:25:59 +0000

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.
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By: guason12003

guason12003 — Tue, 29 Dec 2009 23:37:59 +0000

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.
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By: bobcat951

bobcat951 — Tue, 29 Dec 2009 22:51:59 +0000

yes, and raise crime rates
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