Evidence of the Dual Nature of Property Value Recovery Following Environmental Remediation
Evidence of the Dual Nature of Property Value Recovery Following Environmental Remediation
复制标题
环境修复后财产价值恢复双重性质的证据
DOI：
10.1111/j.1540-6229.2008.00230.x
复制
发表时间：
2008
期刊：
影响因子：
--
通讯作者：
Barton A. Smith
中科院分区：
文献类型：
--
作者：
R. Aydin;Barton A. Smith
关于环境退化导致的房屋价值下降及其可能逆转的文献通常忽略了对社区特征的间接影响，这些影响可能会加剧房地产价值的整体变化，从而导致对减少的低估和对恢复的高估。此外，由于直接价格效应和邻里过渡效应对补救措施的反应不同，相对较新的补救后文献忽略了恢复过程的一个重要部分。本研究考察了直接和间接影响，并发现在休斯顿环境保护署超级基金场地的情况下，虽然修复后有毒废物场地附近的直接价值影响显着减少，但与诱导人口变化相关的间接影响要慢得多，产生了住房市场惯性，扼杀了房屋价值的完全恢复。
The literature on home value diminution attributable to environmental degradation and its possible reversal typically ignores indirect effects upon neighborhood characteristics that can exacerbate the overall change in property values, resulting in underestimates of diminution and overestimates of recovery. Furthermore, to the extent that direct price effects and neighborhood transition effects respond differently to remediation efforts, the relatively new postremediation literature misses an important part of the recovery process. This study examines both direct and indirect effects and finds in the case of Houston Environmental Protection Agency Superfund sites that, while the direct value impacts of proximity to toxic waste sites was significantly reduced after remediation, the indirect effects associated with induced demographic changes were much slower to reverse, producing a housing market inertia that stifled full home value recovery.
影响因子：
8.2
作者：
ROSEN, S
通讯作者：
ROSEN, S