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October 21, 2018, 11:06:08 am
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Author Topic: Neighborhood Speedhumps  (Read 6823 times)
patric
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« Reply #60 on: May 11, 2018, 09:37:48 pm »

Policymakers may celebrate the speed bumps as evidence of their concern for homeowner and traffic safety, but more enlightened public employees might appreciate the negative externality that the speed bump becomes as nearby home values and qualities of life decline, if modestly. And everyone, everywhere, can safely claim that speed bumps slow emergency vehicle response times. Prospective new home buyers may reject out-of-hand the purchase of a home with a noteworthy speed bump nearby, contemplating the traversal of said impediment thousands of times during a typical ownership period.

The evidence suggested that as more speed bumps were traversed – after controlling for a multitude of other descriptive factors such as home size and age – home values declined. And the declination was not sensitive to the year of sale or the type of home. The homes examined sold, for the most part, at prices between $175,000 and $300,000 (the average was around $250,000), and each speed bump between the main drag and the house appeared to reduce home values by $5,000 or more.


http://www.wilmingtonbiz.com/insights/robert_t_burrus_jr/speed_bumps_reduced_speeds_and_lowered_housing_values/910
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« Reply #61 on: May 12, 2018, 12:53:16 pm »

Our neighborhood was surprised today with about a dozen new speed humps.
No idea who requested them, and it apparently didnt go thru neighborhood contacts (of which I am one).

The humps arent on my street, but the traffic diverted from them is.  My street is now much less safe than it was this time yesterday.
Neighbors are livid the resources went to this and not to the potholes.

You should pay more attention to such things instead of Lighting and Cops....
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Hoss
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« Reply #62 on: May 12, 2018, 05:15:43 pm »

You should pay more attention to such things instead of Lighting and Cops....

As opposed to you and squirrels....
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