When Wayne Grgurich and Lisa George bought a two-story house in Upper Lawrenceville, they thought it would just be a starter home. It was small and “crummy,” Grgurich said, but at least it had a view of the Allegheny River.
Thirty-six years later, the two still live in the home that they purchased for just $26,500. But their views of the river have been replaced with new developments and fixed-up houses once similar to their own. Now retirees on fixed incomes, they worry about their ability to stay afloat once a property reassessment takes place.
“If they assess one of the upgraded ones at $800,000, then that’s fine,” Grgurich said. “Don’t assume ours is worth anywhere near that.”…