Rates are crashing and fuel to the moon!

I don’t know where you live but just property taxes along with house insurance is $1,000 alone.

 

Per month?

 

I’m about 2800 a year for both.

 

I bought a house twenty years ago and paid twice as much money than my neighbor paid. I bought it when there were a few houses on the market. My neighbors already paid off theirs a long time ago and bought a second house in another state while I have a decade left with today’s economy to pay it off. Sadly the value hasn’t gone up much for me.
But rentals now cost as much as I pay for mine.
Timing is everything when you purchase a house.

 

Yep, per month.
Our property taxes doubled.

 

Wow.
That’s what we paid 20 years ago.

 

About the same here, but I would have to look as the business pays for part of it (insurance). Our mortgage payment is $1400 per month, and not too many months left!

 

Paid for house, taxes and insurance run me about $3200 per year. I’m not real crazy about living here but it’s a good spot for the truck and no way I’d want to move and pay a mortgage payment again.

 

I live in a suburb of Detroit and my house is valued at $450k, bought in 2021 for 370k. Insurance is $1600 per year and property tax $5500.
One of my friends bought nearby for $520k, taxes are 8k. Another one bought for $600k, taxes are $11k.

Taxes in MI are very high compared to a lot of places, but we have the same thing as California and some other state I think, where your taxes get locked in at the time of purchase and can only go up with a rate of inflation, I believe Max of 5% per year

 

Just looked it up on my spreadsheet........$2400 all in, taxes and insurance......I live in south GA. The value of the house is around $150k