Rat and Mouse
Mon
07
Aug
Real estate stigma

There's an interesting piece, here, that I think ran first in the Wall Street Journal, about the effect of tabloid story stigmatisation of real estate. Apparently, if a celebrity dies in your house, it isn't a landmark, and it might even make your house hard to sell. The article goes on to lay out a kind of league of shame:

There are different degrees of stigma, of course. Appraisers and brokers say murder - in particular, multiple homicides and cult killings - is by far the toughest kind of notoriety to minimize. Suicides and hauntings come next, followed by illicit sex and celebrity infidelities. When bold-face names aren't involved, hanky-panky appears to have little impact. "If real-estate values were hurt for every house where the owners were unfaithful, we'd have a fire sale out here," says Steven Gaines of East Hampton, N.Y., author of 1999's "Philistines at the Hedgerow: Passion and Property in the Hamptons."

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