Gigabit Internet Connections Make Property Values Rise

Jason Koebler writes: When families go to buy a new home, they're most often looking for a couple things: Good schools, a safe neighborhood, maybe something that's near public transportation. And, increasingly and undeniably, access to gigabit internet service. A study by RVA LLC Market Research and Consulting found that fiber optic internet adds roughly $5,250 to the value of a $300,000 home. "It's getting to the point where, if my neighboring community has a gig and we're still doing satellite, the property value in that town is going to go up," Deb Socia, director of Next Century Cities, a coalition of cities trying to provide gigabit internet speeds to their citizens, said. "You're going to lose people and you're going to lose revenue without it. I'm hearing it from folks in different chambers of commerce, in real estate, in politics."

Comments

Meh

[Anonymous Coward]

I'd still rather have a strip club nearby. Also ready access to marijuana.

Re:Umm, how about a more meaningful comparsion?

[xaotikdesigns]

I don't know, think about how many toolbars that gigbit internet could handle? The average user could have 10, no 20 different toolbars installed, and still not notice any degeneration of service.

yesterday. Different kind of bums in January

[raymorris]

We got rid of the tax-and-spend bums yesterday. Starting in January, we'll have another type of bums in Washington. With this type, we can expect economic improvement - more business being done, and thus more jobs and *gasp* profit from the stuff those jobs produce.