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Unfortunately owning a home doesn't insulate you from that. My homeowners insurance jumped from about 350/year to about 1400/year during the last recession. A

• yourduskquibble 8y ago
  Just curious do you love in a "blue state"... Supporting the pensions of the gym teacher who retired at 55 drawing $100k+ for the rest of his/her life?
• scarface74 8y ago
  If property taxes and homeowners insurance jumped for your home by that much, they probably also jumped for the owners of the rental property you would have alternatively been staying in. The landlord would have passed that cost on to thier tenants. So you still have to worry about that and them raising the rent at the drop of a dime.
  • ACow_Adonis 8y ago
    Not necessarily. One basis for rates and taxes can be the proportion of an individual's unimproved land value. Typically apartment dwellers end up paying far less rates and taxes under such a scheme. (ignoring any question of economics such as rent-demand elasticity and whether landlords can just pass the full cost of any tax increase onto tennants). I also know that my comparative insurance is less because I live off the ground floor in an apartment block with restricted/limited access and hard concrete construction. Any desire to tax non-dense/dense properties at similar or different rates is a particular policy choice, and on a cost ratio basis the denser living choice often ends up being cheaper because resources can be pooled and shared.