Eh, I bought a $142K house and my property taxes plus homeowner’s insurance come to $4800 a year, which is $400 a month. What’s insane is the condominiums in my district – over $200K for a 2BR 1BA and you pay the larger property taxes and insurance and you pay condo fees of $800 to $900 a month, and cross your fingers that you don’t get hit with any special assessments. You’re basically paying $1600 a month to rent your own home.
But pay property taxes (and sometimes HOA fees) forever
And be responsible for fixing & replacing appliances, AC, heating, pipes, electrical, etc
Eh, I bought a $142K house and my property taxes plus homeowner’s insurance come to $4800 a year, which is $400 a month. What’s insane is the condominiums in my district – over $200K for a 2BR 1BA and you pay the larger property taxes and insurance and you pay condo fees of $800 to $900 a month, and cross your fingers that you don’t get hit with any special assessments. You’re basically paying $1600 a month to rent your own home.
Which is factored into the cost of rent, along with repair costs and more.