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Reader says The value of my house since 2005 has gone down and overall high end values have been reduced 10-30%

for sale Ridgewood_Real_Estate_theRodgewopodblog

file photo by Boyd Loving

As a long time resident of Ridgewood my observation is that we are sinking fast and no one is working to save things. The value of my house since 2005 has gone down and overall high end values have been reduced 10-30%. Real numbers we paid 2.5m in 2005 rebuilt the entire house for an added cost of almost 1m and recently appraised at 1.7m and can’t sell it. This when taxes have gone from 27k to over 40k. The schools have eroded, the village is in shabby shape in many places, the commute to NYC assuming a village resident can get a parking spot after 6:45am is awful requiring a dreaded switch (no direct trains).
Really a shame and a study in how weak and inexperienced leadership can really drive down a community. We keep electing lightweights to village, school, and other positions and expect change.
Look for my house. Is is one of many with a for sale sign out front. Real sad but really time to go