RonM
I’ve been a WS resident for too many years to mention. Be it said that my parents bought this house in 1935 for $2,500 and had to take a 6 year mortgage to manage it. When my parents passed away and I moved back in it’s value had multiplied 20 times. Today Zillow claims it to be valued 10 times more than that. The only difference it has made to me is that the property tax has also been going up with the estimated value.
With all of the houses on the market today, it’s hard to believe that property values will be leveling or going up anytime soon. Rather I believe that we’ve seen only the tip of the iceburg as the bubble bursts. Okay for us who own our own houses and don’t intend to sell. One can always hope that taxes would follow in the decline (I’m a dreamer too).