scotty1560

Why Are Mortgage Rates So High?

It's a little bit of everything isn't it? Was much easier for me to buy 7-8
years ago before the brutal real estate tax hikes and insurance hikes and
water/sewage hikes. Everyone talks of prices and/or mortgage rates
but forgets the added 3rd payment of these other factors. And or course
local government does not want to give back with lower taxes-
all part of the ongoing scam. So the owners lose equity/saving in
the home, investors/banks lose via defaults- the local govt and insurance
give back a little tiny portion of the massive hikes. The generals get to
pick and choose the deflation effects. A 500k home in South Florida
equals about 10k in annual real estate taxes, 5k+ in insurance, 10k+
in maintenance, 2k in water/sewage. That's 25k annually or 2k monthly -
tell me what effect that has on ownership or investment? Make little sense
to own anymore, and the tax write off isn't enough to offset the burden.
Taxes and inflation have systematically killed every phase of quality living in this country- the good news is your hard earned money gets to pay for
a baseball/football stadium, ballplayers and team execs are hurting, right?