Can anyone direct me to some studies discussing the relationship between homeless shelters and property values in the surrounding areas? Thanks in advance.
I’d say that the vast majority of homeless shelters and halfway houses are in areas that are already depressed to the point of it not making much of difference. Most charity type shelters that cater to homeless people and recently released criminals can’t afford to set up shop in well to do neighborhoods. It would be hard to gage whether property values were depressed because of the shelter or because of the crack house/liquor store/sex shop on the corner.
More specialized places like homes for battered women tend to keep a low profile because they don’t want to become targeted by violent spouses and you may not even be aware that one was near by.
True. But someone must have done some studies on it. Can anyone help me out?
Oh yeah? They’re building one in Hollywood at the corner of Franklin & Gower, where a company was getting ready to build a mini strip mall with some upscale restaurants. They were kicked out via eminent domain (from my understanding… could be wrong on that, but they were kept from building so a shelter could go there instead).
If that’s not bad enough, we already HAVE a teen homeless shelter there. I understand the limitations of NIMBY, but do I have to have TWO of these spots right near my house?
Let me get this straight, your concerned about homeless wierdos in . . . Hollywood? :smack:
Hollywood land of dreams . . . What’s your dream! 
“Pretty woman, walkin down the street . . .”
LOL. I’m not concerned about weirdos, just the homeless variety.
Shows you much Hwd has gentrified over the past 10 years!
Used to be where you went for drugs and runaways. Now, it’s just the drugs. 
One personal anecdote for you: I recently sold a condo in downtown Montreal that was within two minute’s walk of at least three homeless shelters and one drug treatment facility. One shelter was nearly right across the street. I don’t think their presence made a difference, as our condo (like others in the neighborhood that we checked) had increased in value by about 25% in five years. I think that as more previously shabby neighborhoods become gentrified, more new condo owners will find themselves living near homeless shelters.