Legalizing marijuana increases housing prices [potentially exacerbating homelessness and housing affordability for low-income], study finds
As they describe it, the economists found “positive effects in the top of the distribution following the success of the ballot measure legalizing recreational marijuana, but no effect in the lower half.”
Why the lopsided effect? The economists say a number of mechanisms could be at work, with a big one being access to liquidity among the rich: “The wealthiest households can more rapidly move to (legal) states if they believe there to be some positive spillovers from legalization.”
Original Article (Marijuana Moment):
Legalizing marijuana increases housing prices, study finds
Artwork Fair Use: GR8 Telangana
