COMMENT OF THE DAY: CLEAR LAKE CITY CLEANS UP NICELY “Is there a discount [for homes near chemical plants]? Hell yes! And it’s for lots of reasons: 1) real or perceived pollution, 2) real or perceived high crime, 3) low elevations, 4) higher property insurance rates, 5) fewer nearby white collar jobs, and 6) living there indicates to snobs that you’ve got a low social status. Most of the discount is unwarranted, but it’s a self-fulfilling prophecy. Look at Clear Lake City; parts of it are only about 1.5 miles from the nearest chemical plants. It was developed upon depleted oil fields and is adjacent to still-active fields. (It was developed by a subsidiary of Exxon!) It’s adjacent to an airport. It has a low elevation. But all that stuff is out of sight, out of mind, and so there’s no stigma.” [TheNiche, commenting on House Shopping in the Chemical Discount Zones: Finding Houston’s Less-Toxic Neighborhoods]