Wednesday, March 19, 2008

Housing market got you scared? Wondering how to make your neighborhood more attractive to buyers? You need to bring in the gays!

Here's one that'll confuse the Daily Mail - gays are good for house prices.

Shihe Fu estimates that a rise of one percentage point in the proportion of same-sex couples living in an area raises median house prices by 9 per cent even 10 years later, controlling for some obvious other things.This suggests that gays improve neighbourhoods; they don't just choose to live in nicer places.

This could be because gays higher disposable incomes (they don't have kids) attracts better shops and restaurants. Or it could be that gays' better aesthetic appreciation enables them to spot attractive but under-priced areas, and to care more about urban regeneration.

This is just one of those stories that just make you love the idea of Karma.

Let's say that you are your basic homophobic Republican voter. You vote for this President because he says he will keep you safe from the homosexual agenda.

The President then destroys the economy because he is a fucking simpleton, and the bottom falls out of the housing market. And now you cannot sell your house without taking a huge loss.

Now possibly the only way to bring any value to your home is if you can convince a gay couple to move in next to you.

Come on, you just have to love that.

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