2 ms·

Costs of a fixed rate mortgage are rising… ok sure

• ejb999 3y ago
  How about insurance, electricity, labor, property taxes and maintenance ... they are not going up in your area?
  • alistairSH 3y ago
    Electricity is usually paid by the tenant, no? Certainly, I've never rented a place where utilities were included. The rest are a small fraction of the total cost of ownership (vs financing the initial purchase). Rents appear to be going up faster than the total cost of ownership (the financing costs are fixed, or nearly so).
  • monkpit 3y ago
    No - taxes are going up only as a percentage of rising market apprisals of existing housing, which is covered by the renter paying market rates for rent. Electricity - not paid by landlord. Labor - not sure what you mean. Maintenance - fixed rates for home warranty for big things, minor costs for maintenance otherwise which are factored into rent monthly regardless of whether they are used. So that could account for single-digit percent rise in rates. Anything else?
    • aorloff 3y ago
      Taxes also go up because of new bond issues. Regularly