btaf45@lemmy.world to United States | News & Politics@lemmy.ml · 12 days agoMore Americans are becoming 'house poor' due to high housing costswww.scrippsnews.comexternal-linkmessage-square7fedilinkarrow-up141arrow-down11
arrow-up140arrow-down1external-linkMore Americans are becoming 'house poor' due to high housing costswww.scrippsnews.combtaf45@lemmy.world to United States | News & Politics@lemmy.ml · 12 days agomessage-square7fedilink
minus-squaremke_geek@lemm.eelinkfedilinkarrow-up2·11 days agoThat $2,000 a month can also raise if you’ve included property taxes and insurance in the payment. If you’re not including property taxes and insurance then you’re not really doing a full comparison.
minus-squarejordanlund@lemmy.worldlinkfedilinkarrow-up1·11 days agoOur property tax actually went down $12 from year 1 to year 2. LOL.
minus-squaremke_geek@lemm.eelinkfedilinkarrow-up2·10 days ago1 year is not an example. Many mortgages are over 30 years.
minus-squarejordanlund@lemmy.worldlinkfedilinkarrow-up1arrow-down1·10 days agoAs is mine, but I can only report what I’ve seen. ;) The mortgage will go down again when the mortgage insurance drops off, but I have to have xx years of equity before that happens.
That $2,000 a month can also raise if you’ve included property taxes and insurance in the payment. If you’re not including property taxes and insurance then you’re not really doing a full comparison.
Our property tax actually went down $12 from year 1 to year 2. LOL.
1 year is not an example. Many mortgages are over 30 years.
As is mine, but I can only report what I’ve seen. ;)
The mortgage will go down again when the mortgage insurance drops off, but I have to have xx years of equity before that happens.