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Adirondack Lifestyle ™: A Discussion of Value

Sunday, January 13, 2008

A Discussion of Value

Since this is a blog about the Adirondacks and Adirondack Real Estate, it is essential to address how property here in the Adirondack region of upstate New York is valued. Pretty simply, just like property elsewhere; value is based on the law of supply and demand. From there it gets slightly more complicated since most of the property I work with is located within the six-million acre Adirondack Park.
The Adirondack Park was created in 1882 by the New York State Legislature, which enacted measures that guarantee public lands will remain forever wild. The Park itself is the size of the state of Vermont, with a structure unlike any other state or national park in the nation: it is a patchwork of public and private lands. There are expansive blocks of undeveloped backcountry interspersed with private homes, villages and tracts of corporate forest lands under active management. In the Adirondacks, it is possible to hike to an isolated waterfall in the afternoon, then spend the evening strolling Main Street.” Adirondack Regional Tourism Council
It is like living in a National Park, but owning your land and conducting private industry. And that is exactly what it is; private land surrounded by government-owned land that will never be developed. Therefore, there is limited developable, private land available. This, of course, makes it dear, or valuable.
There are many, many miles/kilometers of publicly accessible trails for hiking, biking, skiing, hunting and general enjoying. That is one reason why Lake Placid was recently chosen America’s Best Outdoor Town. For my international readers, this means you can actually go for a hike on such great expanses of land that you might never see a sign of civilization, for free. You can hunt on public lands with no cost other than your hunting license. Here is a link for a great overview of life in the Adirondack Park, or “within the blue line.”

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Blogger turner said...

This comment has been removed by the author.

1/14/2008 8:27 PM  
Blogger turner said...

(As you know, Joann) I grew up in Lake Placid. After living in China for almost 5 months, I am reminded on a daily basis (by pollution and growth) why they call the US "Mei Guo" - beautiful country. The US is full of beautiful places, but I think the Chinese would call the Adirondacks "Zui Mei Guo" - most beautiful country. With regards to land in Lake Placid... All I keep thinking is "they aren't making it anymore."

1/14/2008 8:35 PM  
Blogger Ed said...

The great thing about all the state owned land in the Adirondacks is it's accessibility. Most people who live here can ski, hike, bike, hunt, fish, etc., right from their back door, or after a very short drive. It is very easy to "do your thing" without spending time traveling.

1/14/2008 9:25 PM  
Blogger Joann said...

Even with all your world travels, I am so happy to hear you don't take your beautiful birthplace for granted, Turner!

1/15/2008 6:04 PM  

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