• Enk1@lemmy.world
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    11 months ago

    Not true, unfortunately. Insurance and property taxes go up and payment on those is typically held in escrow with your mortgage. If you’re unfortunate enough to live in a state with a clown taint for a governor, like say Ron DeSantis, your mortgage payment could, for example, go up by $600/month this year. Ask me how I know.

    • JPJones@startrek.website
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      11 months ago

      Insurance and property taxes aren’t part of the mortgage outside of an escrow account, so yes, it is true.

      Regardless, the point is still that rents will increase a lot more than monthly overhead for owning.

    • Kage520@lemmy.world
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      11 months ago

      Florida has a really great Homestead though, capping your property tax increases to 3% per year. For the insurance, you can probably get Citizens, which isn’t great but it’s something.