yup you nailed it!
krap next door does depress the market price of a home
its called economic obsolescence and it includes the drop in market value when garbage moves in next door,
Well, look at the bright side. The G Men might be coming by to perp walk that low life soon, and then his no account wife will quietly boink her pool boy or gardener or whatever, and stop talking Portuguese out loud just to show off, at least while her man is in the joint.