"Hi Wally
I read your blog, and wanted you to read this about the Best Places to live and how we in Sturbridge are seeing the town asset values going down like a rock. (Ex. Basketville sold $550,000.00 and Rom's sold $425,000.00) just a few examples of Prime Real Estate that should be Million Dollar plus and now going less than some of the homes in Sturbridge. The future is not looking good and if you want here read this about Wellesley http://en.wikipedia.org/wiki/ Wellesley,_MA and see how we are going backwards.
Also with the taxes this year going to be over $19.00 its crazy. How can these politicians sleep at night spending more and more and seeing Route 20 and 131 just falling apart. And the future budget in the years ahead are showing that we will have higher taxes.
I have friends in Wellesley laughing saying a $750,000 home tax rate is the same as we are paying here in Sturbridge for a $395,000.00 home. Should it not be the opposite. Even the Seniors I meet are saying how much more can this go up, we are in a recession with incomes lower, assets dropping and taxes going up like a rocket. When will the madness stop.
Just thought maybe on your blog its time to really start telling these politicians to quit robbing our pocketbooks. Other towns are doing it, look at Northboro, it’s not Boston area and made Boston Magazines best place to live in 2012. And they are smiling and progressing with a good school system, lower taxes and increased property values. The future looks bright.
Well enjoy reading this and like to hear your comments.
Enclosed for you to read this article about Northboro, Massachusetts. They were rated "Best Places to Live in 2012", notice the article and its stating property values are going up and a tax rate of only $14.99. And people are so happy the Home Prices have risen 4%, unlike Sturbridge which property values are going into the cellar.
Funny in 2009 it was Wellesley, Massachusetts the Best Place to Live and their tax rate for 2012 is $11.49.... (this is telling us our town needs major changes)
See what I mean, maybe time for this town to wake up and smell the coffee...
Should we not get to this as our goal for the future of this town and our kids so they wont be left with assets going negative as we have seen in the past few years here and tax rates going through the roof...
Read the article, this is what Sturbridge should be in the goals, instead we are going the opposite, just spending and running the budget up even further.. And to add more Insult Northboro got the 2012 Budget Award Presentation and our Town is going to have another tax increase to $19.00. So in the past 5 years our taxes went over 6.00 up. While these towns are "status" towns and can operate on lower budgets and still have top education, real estate and public awareness.
Steve Chojnicki
31 Audubon Way
Sturbridge, MA 01566"
Lots being said in the email, and I hope I can take it apart a bit and offer some decent input.
First of all, the recession officially ended in June of 2009. Everything we have felt since then has been a result of the havoc that the recession played on jobs, real estate, retirement accounts, and so one, and so one.
Real estate prices went down naturally. They were artificially inflated for years, and a correction was long over due. People were aware of this for years, and they closed their eyes and hoped for the best. Real estate also is reflective of what an area offers. If property values drop in a particular area one must look into why. Yes, we can blame the bubble for bursting and causing the problem, but there is often many more reasons as well. A good town government, excellent schools, a strong infrastructure, good community opportunities for recreation, entertainment, retail, and employment are all reasons that real estate prices will remain stable, and grow. There are many more influences as well, but if any of these I have listed are out of whack, they will affect real estate in a negative way. A community must not only offer an infrastructure, and a plan for growth, they must start it, and market what they have built. Not hope for a company to express an interest in an area if it only had town water and sewer, and then spend years debating whether the investment in infrastructure is worth it.
Say good-bye to that company, and Northborough may just be the community that not only says hello, but offers a them a hug as well.
Competition is good for communities, and we aren't good at competition.
When a community taxes higher than an other community that offers more, than the question has to be, Why?". Do we have bigger and better schools than the other community? Do we spend more than we take in? Are we smaller than the other community, but want to have what they have with a smaller population to pay for it? Do we have more debt? Are the people we entrust to run the ship not truly qualified to be on the bridge?
A community has to have a specific, concrete plan, for growth with all departments, boards, and towns people on board, and a set calendar of when to implement the growth, when different stages will be completed, and what we should expect in return to the town coffers.
Implementation of the plan is something most communities choke on. We did. The Master Plan from the 1980's was barely looked at after it was written, and the committee disbanded. I am hopeful for the current one, but implementation of the plan in an aggressive manner will convince me.
There are so many factors that affect a community. Currently, with the purchase of Basketville, and Roms for less than one would expect are a reflection of what I touched on above. In a better market, with aggressive competition with other communities, those property prices would have been higher, and sold sooner. Fact is, no one wanted them. The community didn't offer a successful face for business. Hopefully, with the price more affordable, and new businesses coming in it will change the business landscape in town. I believe we are already seeing it with the new cinema coming to town.
One does not invest in a venture unless there is a excellent return projected for the project.
Bit by bit we will do better. Baby steps like Roms, the cinema, and Basketville will set the pace. Town elections will refine the ships crew, and strong people will be drafted, and volunteer will implement the plan.
Expect change to happen, and if it doesn't happen at the rate, and in the direction we would like to see, then address it. Maybe, even volunteer for a board, or run for an office.
Thanks for the email, Steve. Using Northborough's lead as a guide would be wise, but I think we are on our way.