The Center for American Progress is out with a new study showing that a reduction in homicide rates translates into an increase in home prices. The report examined eight major cities and found that just a 10% reduction in homicide rates lead to home prices increasing by billions of dollars.
Currently, two-thirds of all homicides are committed with handguns, so, like it has in other countries, reducing the number of handguns could lead to a reduction in homicides, and thus an increase in home prices. Cities across the nation are cash-strapped thanks to the ongoing housing crisis. Handgun control could provide some much needed relief.