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Florida Society of Geographers
United States, Resource Management, Applied Speleology
Sinkholes have generated significant damage to buildings, roads, and other human-built structures, and should be considered natural hazards in their own right. In sinkhole-prone areas where market insurance against sinkhole damage is available, economic theory suggests that homes located there should be valued somewhat lower than homes located in areas where sinkholes are rare or nonexistent, in recognition of both the risk faced by the homeowner in a sinkhole-prone area, and the cost of insuring one's property against that risk. Using sinkhole and Census data from the Tampa Bay, Florida region in 1990, this paper finds no evidence of a statistically-significant relationship between the presence of sinkholes in a neighborhood, and the value of homes in that neighborhood. Open Access See Extended description for more information.
Resource Management; Applied Speleology
Fleury, E. Spencer, "Are home values affected by sinkhole proximity? Results of a hedonic price model" (2007). KIP Articles. 5766.