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>> But it doesn't mean $60k is easy to live on. It is much easier getting along on 60k when you're on a 1995 mortgage of $700/mo with frozen property taxes. Do
by TuringNYC 9y ago
>> But it doesn't mean $60k is easy to live on.
It is much easier getting along on 60k when you're on a 1995 mortgage of $700/mo with frozen property taxes. Doesnt matter if you sell -- you are living in a million dollar house without paying for it. You get the space now. You get the easy commute now. You get it all for a tenth of current costs.
- pc86 9y agoWell to be fair the largest expense with a house is without a doubt the mortgage, and that's not going to change even if property taxes are reassessed every year. Their mortgage would be $700/mo no matter what (as it should be). Is anyone here arguing that you should have $2,000/mo in property taxes for a $700/mo mortgage?