So I recently received a statement from our mortgage company outlining this years increased costs. An increase of nearly $200.00 a month. Now I’m sure to many $200.00 isn’t a lot but let’s follow this logically.
Me a homeowner on a fixed rate mortgage now has to spend an additional $200.00 a month due to increased property taxes & insurance I’m told. What happens next year, or 5 years from now? Will I be expected to pay an extra $1000.00 a month nearly doubling my original mortgage payment on a fixed rate mortgage in 5 years?
We bought our house less then a decade ago & in that time it’s “supposed value” has gone up nearly 35%. I don’t know if any of you have been to the grocery store lately but something that cost 8 bucks 3 years ago costs 12 now. Everything costs 20-30% more.
I’m beginning to think the value of homes/renters is not going up, but rather the value of our currency is going down.
If this is true, then that means things are going to continue to get more outrageously expensive as long as our politicians keep printing trillions of dollars at your expense. I don’t know what the future holds, but this is not sustainable.