“US homeowners are now paying an average of $18,118 a year on property taxes, homeowners’ insurance, maintenance, energy and various other expenses linked to owning a home, according to a new Bankrate study.
That’s nearly the cost to buy a used car and represents a 26% increase from four years ago when it cost $14,428 annually to own and maintain a home.”
If CNN is copping to reality, can Mandibles be far behind?
https://www.cnn.com/2024/06/11/business/homeownership-costs-inflation/index.html
Let’s just say I would suggest not lending your car to the neighbour for a bit
"Of course, the silver lining for homeowners is the fact that home values have gone up significantly since 2020."
there is that subtle gaslightning i was looking for to bring balance to the article, making people believe the increase in costs is a tradeoff.
comparing paper net worth gains to realized increased liabilities, CNN 🫠
leveraging that increased equity is only advantageous or even doable with positive cashflow, otherwise that increased doesnt mean shit and you are just counting the days til you are a forced seller.
that increased equity*
