Part 5/10:
During various discussions on the topic, it was reiterated that rising mortgage payments often reflect increased property taxes rather than banks passing on costs related to lending. The escalated need for property tax payments could lead many to question whether they truly own their homes or merely finance their occupancy through taxes. This frustration is palpable among communities of older Americans who, despite owning their homes outright, find themselves needing to downsize or seek additional income to cover taxes.