this post was submitted on 24 Aug 2024
1076 points (97.2% liked)
Memes
45704 readers
1203 users here now
Rules:
- Be civil and nice.
- Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
My mortgage has gone up like $300 in the last 14 years due to taxes & insurance... but if I were still a renter it'd have gone up by $1000 (or more?) so I'm not complaining.
You should complain. We’re all getting ripped off.
I mean, my house value quadrupled during that time, so it's kinda fair that I'm paying more property taxes. As for the insurance... I gotta admit I haven't paid much attention.
The insurance is based on the cost to rebuild the home, which has also drastically gone up, so it makes sense that it has risen too
Yes and no: yes in that the real cost has indeed drastically gone up, but no in the sense that the cost that the insurance company would actually pay would be based on the policy's coverage limits, and I'm not sure if those have actually been adjusted to keep up...