The Influence Of Water Quality On The Value Of Recreational Properties Adjacent To St Albans Bay Vermont
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The Influence of Water Quality on the Value of Recreational Properties Adjacent to St. Albans Bay, Vermont
Author | : C. Edwin Young |
Publisher | : |
Total Pages | : 44 |
Release | : 1984 |
Genre | : Real property |
ISBN | : |
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Extract: Hedonic price functions were estimated to determine the impact of degraded water quality on the value of seasonal homes adjacent to St. Albans Bay on Lake Champlain in northern Vermont. A rating of water quality and a zero-one location variable were used as alternative specifications of water quality. Degraded water quality of the bay had depressed adjacent property values by $4,500 on the average, or about 20 percent, compared with similar nearby properties on the larger but cleaner lake.
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