To be fair, you don’t really own your home until you pay off your mortgage.
To be fair, you don’t really own your home until you pay off your mortgage.
Tell me how much of your home you own when you fail to pay property taxes for a few years. After the government comes in with their armed goons to force you off “your” property
And even then you still don’t own it due to property taxes.
You don’t really own your home after you pay off your mortgage - try not paying taxes on the house; find out how long you “own” the property … 60 days? 90 days? It will be taken from you by law …..
And keep your property taxes current...
HOA fees used to be in addition to rent.
Now you often must pay a mortgage AND ever-increasing HOA fees, which can be as high as rent and never go away.
To be fair and accurate you do own your home. Look at your deed if do not believe this is true. Do you also believe that that the house can “go back to the bank”? News flash the bank does not own the house.
Mis-statement. You NEVER own your home... Not in America today.
>>To be fair, you don’t really own your home until you pay off your mortgage.
You never own your home - first you rent it from the bank and the government, and then after you ‘pay it off’, you rent it from the government.
Wife wanted us to think about moving to a nicer home 15 miles from here (and 15 miles closer to work). Price is expensive, but not ridiculous for Massachusetts.
Property taxes $24K per year, or $2K per month, so *if* we bought this house, and *if* we paid cash, the rent would only be $2K per month...no thanks, I’ll keep ‘renting’ my current ‘paid-off’ house from the government for $550/month .
One of my the very first things I look at when house shopping is the monthly costs of carrying it - i.e. the things you can never pay off - property taxes and HOA fees among them.
You own the responsibility for your home from day one... AND you own the right to sell your home.