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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Bend over rich guy - enjoy [/quote]

I’m definitely not rich. My property taxes will now be $18k a year and my mortgage principal and interest is less than $900 a month. I can’t afford this.[/quote]

Sounds like you got in at a very low cost-basis a very long time ago, and your property value is now $1.7M? Is this correct?  To be honest, at $900 a month you should have been saving A TON of money, putting it away for a rainy day.  Only reason you wouldn't be able to afford this is if you are on a fixed income and retired.

[/quote]

Nope, bought a couple of years ago for $850k. Our income doesn’t support paying an extra $6k a year, but it does support the current rate and the expenses we budgeted for (plus reasonable increases).  Our property taxes are already the bulk of our housing costs and we planned for that. We didn’t plan for a 40 percent hike. You are showing your privilege by assuming that anyone not paying very high housing costs must have plenty of spare money to save.[/quote]

No way you have a less-than $900 a month mortgage on an $850K house unless you were stupid enough to put down 80% as a downpayment. Please explain how this happened.  Are you in NJ, CT, or IL?  Even then it still doesn't add up or make sense.[/quote]

Some people really struggle with comprehension, don’t they? Our mortgage was for $180k initially. Balance is now about $165k, I think.[/quote]

Seems like PP was right that you put down 80%, doesn't seem like they struggle with reading comprehension to me. If you had $650K in cash to buy a house, you're going to struggle to get a ton of sympathy over $6K a year in taxes.[/quote]

We sold prior home which quadrupled in value due to gentrification after living there 20 years. Never actually had “cash” on hand, just rolled it over into a new home. Never had income above $120k and never had a mortgage balance higher than $200k since first becoming home owners in 2000.[/quote]

Dude, that was cash on hand, how do you not know this?   Now it’s tied up in real estate when it could be invested and paying your tax bill.[/quote]

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