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WTF are you babbling about?I looked on Zillow where my medical dispensary is and where their rec dispensary was put.
Harder to say with the medical because it's been there a while. But I know they were originally in a house in the neighborhood. The prices are only going up in that area.
Where the recreational was put it looks like values dropped when we legalized. Someone panic sold and lost. After that dip they sky rocketed. Someone sold a little after a peak and made out huge from when they bought it, as in they more than doubled what they paid.
Certainly doesn't look like the dispensary is hurting home values there. Probably not the cause of the increase but not the crash SAM was claiming.
As you said there could be other reasons for the values changing, such as COVID (legalization went into effect January of that year) and generally property values always increase (because the tax man doesn't want to get less). But the house prices certainly aren't crashing around the dispensaries here.
In my city the dispensaries are in a retail only area. I don't know where they are in the other city my sister goes to that has allowed dispensaries with the expansion, I only know the grow shop there and it's downtown.
Just for fun I went to a vocally dry small town. Same dip around legalization/COVID, smaller recent peak. But that is the way of small towns and why I'm considering selling my house to move to a small town with a dispensary near where I fish. I could get my one capital gain home sale and make out like a bandit. But I'd be farther from medical.
I won't consider the dry town that has a hospital.
Again I don't need dispensaries and they can't do anything about me homegrowing, but along with that dry attitude comes stupid cops and they will find something to harass about if they don't like what you are doing.
No one gives a single fuck about any of this stupid shit!