Never forget the endless part of the mortgage, taxes... I know quite a few people who moved in at lower prices only to get priced out with taxes as the neighborhood got bought up and built up with bigger fancier houses. Then the taxman comes by and blankets the whole area with higher taxes.
Yes indeed, our taxes have been going up as well. Luckily, we are going to be able to cover it, but I can definitely see how many people find themselves caught in the trap!
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