Alternative Housing Development Strategies in Georgia's Coastal Marshlands

Warren Kriesel and Jeffrey Mullen

No 49514, 2009 Annual Meeting, July 26-28, 2009, Milwaukee, Wisconsin from Agricultural and Applied Economics Association

Abstract: Coastal Georgia continues to experience extremely high population growth rates. People are attracted by coastal amenities, including pleasant views of the saltwater marshes. The real estate market has responded to population growth with a pattern of development that exhibits varying degrees of compatibility with the nearby marshland ecosystem. Among community leaders there is a need for information on development alternatives. Information has been generated from a hedonic price analysis that contains proximity to amenities and development design variables. We conclude that real estate developers have, under certain circumstances, an economic incentive to incorporate more open space in their design of residential subdivisions in marshland environments.

Keywords: Community/Rural/Urban; Development (search for similar items in EconPapers)
Pages: 20
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea09:49514

DOI: 10.22004/ag.econ.49514

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