Posted on 02/07/2022 11:46:30 AM PST by EVO X
Property taxes, insurance, and easement hikes are no fun either!
I definitely sympathize. Even the fleabag motels run by Singhs and Patels have bumped their price nearly 20%. That’s where our church provides a week out of the cold for indigents who fit our criteria. They’re about to price themselves out of the market for us.
My daughter going through as well.
Sounds like it’s time to buy.
McMillan is best known as the founder of the Rent Is Too Damn High Party, a New York-based political party.
You vaying for the top dog spot on this ticket?
Rent is ridiculously high, and it’s getting harder to find a place. At least around here. I’m sure having a porous border and floods of illegal immigrants is not helping.
Ditto.. My leasing company is only offering 1 year leases. Last year they were still offering multiple year leasing agreements.
“Property taxes, insurance, and easement hikes are no fun either!”
How right you are. We “homeowners” just pay rent to a different landlord.
Inflation is higher than 6% - so your rent didn’t go up... well technically speaking.
stop renting
secured a low interest 30 yr fixed loan
inflation is going to go nutz over the next 3 years. a fixed loan of $200k today will be much easier to pay off when that money is worth less in 5 years.
of course, pay attention and adjust accordingly
Besides inflation on everything there is one thing that really pushed this. Governments interfering with landlord/tenant contracts. Such as eviction freezes. Why anyone would want to be a landlord anymore is beyond me. The risk is simply too high when everything is rigged against the landlords.
Say thank you, Joe Biden!......................
If a corporate landlord, no surprise.
A private landlord can still have hoa fees, insurance, and/or taxes go up depending on the property.
Think of it as motivation to own.
Thanks for posting. That is the picture I had in mind when posting.
Disasterous advice if the property value falls 40-50%.
I advised all my renting friends to apply and buy a house when they were giving money out like crazy before the bubble popped.
They put a bid on a house right after Thanksgiving, and moved the end of December 2021. It would a big stretch, costing them most of their savings, but they were done with renting. Already, the estimated value of their house has gone up 3%.
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