Economics @ ITT

Negative Externality – Cheap Paint Job

Posted in economics by ittecon on November 22, 2012

Rian White of East Hampton, N.Y., did some rabble-rousing when he asked anyone and everyone for “help” painting his house.

“It degrades the whole neighborhood,” Tim Lee, White’s neighbor, told East Hampton Patch. “Everybody’s property value goes down. Would you buy a house next to him?”

Read more: via Cheap Paint Job | Neighbors Throw Paint on House.

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