12 ms·
I think it’s less likely as housing trends towards unaffordable.
by digianarchist 6y ago
I think it’s less likely as housing trends towards unaffordable.
- giantg2 6y agoI agree and think there's a somewhat hidden piece to that. Property taxes are increasing commensurate with the property value and generally increasing as a percentage. You might be able to pay off a mortgage, but the property tax can remain a burden. Like in my area, you can end up spending thousands per year in perpetuity on a reasonably modest property, with that amount constantly going up.