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Reply to "People who bought a great house with low interest and "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]How do you think it feels? Double the taxes, double the insurance, double the cost to invite a repair person out. Was I supposed to say I'm happy? I don't plan to sell for a long time.[/quote] +1. You don’t realize the gain until you sell. If you are smart, you stay in the house until you die and then your kids benefit.[/quote] Your property taxes doubled in how many years and your insurance double? Is your house next to a river on a cliff? Unless you bought 30 years ago none of this is true and if you bought 30 years ago you’re probably paying a $3K PITI for a big colonial in Chevy chase, so…[/quote] Yes it did double! I'm not in DC but am in a hurricane zone. I also own a ski property in CO that I have a difficult time insuring due to the entire state being in designated as a fire zone. It's likely some of that cost will be passed onto renters, but obviously not all of it.[/quote]
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