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The Spatial Distribution of Stigmatized Properties in Tokyo, Japan

Author

Listed:
  • Naonari Yajima

    (Faculty of Economics, Seijo University.)

  • Taisuke Sadayuki

    (Faculty of Economics, Seijo University.)

Abstract

While intangible yet psychologically repellent factors such as noise or pollutants require disclosure to potential buyers or renters in real estate transactions, the disclosure of a person's death within a building or unit remains uncertain. This uncertainty stems from the limited empirical research on incidents that are considered noteworthy, mainly due to the absence or limited availability of public databases pertaining to incidents that take place in living environments. In this article, we utilize a comprehensive database of incidents in the living environment, contributed by the public in Japan, to explore which types of incidents can be perceived as psychological defects. We find that suicides, homicides, fire deaths, alone deaths, discovery of a corpse, and accidental deaths are main interest of the public. Additionally, we examine the correlation between incident occurrences and socio-economic characteristics within a block. Â We find that the ratio of single-person household, ratio of elder persons, and ratio of person living in sharing housing are related to several incidents. On the contrary, the ratio of individuals residing in an area for a longer time is negatively or not related to the occurrence of such incidents.

Suggested Citation

  • Naonari Yajima & Taisuke Sadayuki, 2023. "The Spatial Distribution of Stigmatized Properties in Tokyo, Japan," RIEEM Discussion Paper Series 2301, Research Institute for Environmental Economics and Management, Waseda University.
  • Handle: RePEc:was:dpaper:2301
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    More about this item

    Keywords

    Stigmatized property; Duty of disclosure; Posting information; Regression analysis;
    All these keywords.

    JEL classification:

    • R10 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General
    • R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)
    • R19 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Other

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