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EastCoastBubbleBoy
2012 Mar 9, 1:16pm
EastCoastBubbleBoy
2012 Mar 9, 1:16pm
seems to me there is a loose correlation between the amount of drop and the quality of the school system. Better school districts held their value better.
2
mdovell
2012 Mar 10, 6:07am
Well even within the school district it depends. Although brockton dropped the most they actually meet state standards. Lawrence on the other hand supposedly 40% of the people there didn't graduate high school to begin with! I wouldn't say the school systems have got better or worse.
Plympton has a very low population and has had a steep decline but yet the place is booming due to a few major companies moving in and a grant to build a access road.
It is sometimes stated that the Boston metro area is OK and that we didn't have that much of a decline. On the macro level that might be ok but on the micro it isn't.
http://www.bostonmagazine.com/best-places-to-live-2012/single-family-homes/index.html
To understand a bit more on the data the percentages are on the basis of now vs then. For example Abington was 22% higher in 2006 from 2011. It does not mean that it dropped 22% from 2006 to 2011.
Now this isn't the whole state but the eastern 1/3rd. Not everything that is expensive was immune. Boston dropped about 10% in the past year.