>This only works in places with fixed property tax Critically, this also only works in places that offer fixed-rate mortgages. In my country (and most of Europ

>This only works in places with fixed property tax Critically, this also only works in places that offer fixed-rate mortgages. In my country (and most of Europe I believe) they are relatively expensive and the rate is fixed for only ~5 years (after which you either change to floating or update the rate). So basically nobody considers them long-term. Damn, I envy Americans.