I live in a 1960s subdivision generally called an inner ring subdivision. There are two pawn shops that are requesting a permit to operate near our neighborhood. One is located on a busy corridor, and another is just off that busy corridor. As a real estate agent I am aware of the negative impressions that some agents have about neighborhoods where pawnshops and cash checking businesses are evident. If these agents would take the time to investigate neighborhoods such as mine they would see that judging a book by its cover is not an intelligent thing to do. However, in the meantime the possibility of two additional pawn shops will do nothing to help the image of the area.
I do think that as pawnshops proliferate they do provide more places for burglars to trade in their ill gotten gains for cash. This makes it harder for law enforcement to track down stolen goods. I know that some pawn shops are more careful than others in accepting goods, but that fact does not solve the problem of those who will accept most anything without question.
I am interested in finding out if there are any studies that have been done that looked at the effects of pawnshops on existing residential neighborhoods. If you can help, please let me know.