4 ms·

Property tax alone is around $13K/yr for me. Insurance is another couple grand. Only after that comes wear and tear and maintenance items.

• herf 2y ago
  If you pay cash for a house and put 60% more in an annuity, you cover the total costs. Not cheap though.
  • ghaff 2y ago
    The point is that, however you finance it, owning a paid-for place will often have significant ongoing costs. Some more, some less.
  • phonon 2y ago
    Why would you forgo the mortgage interest tax deduction?
    • ghaff 2y ago
      For modestly-priced houses at least may not hit deductions these days.
    • sgerenser 2y ago
      2025 standard deduction is $30k for MFJ. Ain’t many people passing that mark these days in itemized deductions so the mortgage interest deduction is moot.