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News (Media Awareness Project) - US CA: LTE: Bad Neighbors Hurt Home Values
Title:US CA: LTE: Bad Neighbors Hurt Home Values
Published On:2011-05-10
Source:Chico Enterprise-Record (CA)
Fetched On:2011-05-13 06:06:47
BAD NEIGHBORS HURT HOME VALUES

Regarding the stink of marijuana growing right next door to your home:
"A bad neighbor is one that has no consideration for the rest of the
community," says Mindy Pordes, co-founder of Pordes Residential Sales
and Marketing in Aventura, Fla.

But what exactly is a "bad" neighbor? Definitions vary, but real
estate professionals say it boils down to any home or business
enterprise that turns people off.

Bad neighbors are nothing to laugh about. According to the Appraisal
Institute, they can reduce the value of surrounding homes by as much
as 15 percent.

Kathryn Allen

Paradise
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