Interesting Times piece on The Park Slope Of New Jersey.
Many Montclair residents trace their recent past to Park Slope, the Upper West Side, and Hoboken. And, are quite proud about it.
In some neighborhoods, property values and resale prices doubled and a few even tripled when the direct railroad connection to NY Penn Station opened in the 1990s. Nobody minded paying a few dollars more in taxes ($25,000 a year for property tax isn't unusual) back then.
One upward tax reappraisal (just before the property crash) and a deluge of tax appeals later, things aren't as rosy.