Mortgages are not fixed rates that stay the same always. My home insurance just went up 800% in the last 2 years. That’s part of my mortgage. Taxes also went up by 35%. That’s also part of my mortgage.
Cost of a roof replacement was 10k 6 years ago. Last year I had to take out a loan at 8% to pay 18k. That’s a purchase that has to be amortized in less than 15 years because that’s what insurance company demads.
Had to replace my garage door springs, it cost 640. Same company, same springs as my neighbor who replaced 3 years ago. His cost: 280.
I’m not a landlord but it’s clear your not a homeowner either if you believe prices don’t go up.
Why don’t you blame the real problem here. The Billionaires who are violently repressing our wages so we fight over bullshit.
Yes Insurance is part of my mortgage. It’s called escrow but even if it wasn’t escrow. It is required to have a mortgage and therefore inseparable.
Same thing with the roof as it is required to replace it every 15 years. That is non negotiable. When my roof turned 16 years old - I was unequivocally dropped and unable to find insurance. I went through 7 different brokers.
Regardless they’re all costs that I have to pay because it’s part of the property.
Why do you think I should pay for them and not charge you?
Mortgages are not fixed rates that stay the same always. My home insurance just went up 800% in the last 2 years. That’s part of my mortgage. Taxes also went up by 35%. That’s also part of my mortgage.
Cost of a roof replacement was 10k 6 years ago. Last year I had to take out a loan at 8% to pay 18k. That’s a purchase that has to be amortized in less than 15 years because that’s what insurance company demads.
Had to replace my garage door springs, it cost 640. Same company, same springs as my neighbor who replaced 3 years ago. His cost: 280.
I’m not a landlord but it’s clear your not a homeowner either if you believe prices don’t go up.
Why don’t you blame the real problem here. The Billionaires who are violently repressing our wages so we fight over bullshit.
None of those are “part of your mortgage” They’re things you pay as well as a mortgage.
Yes Insurance is part of my mortgage. It’s called escrow but even if it wasn’t escrow. It is required to have a mortgage and therefore inseparable.
Same thing with the roof as it is required to replace it every 15 years. That is non negotiable. When my roof turned 16 years old - I was unequivocally dropped and unable to find insurance. I went through 7 different brokers.
Regardless they’re all costs that I have to pay because it’s part of the property.
Why do you think I should pay for them and not charge you?
So a mortgage is part of your mortgage? It’s literally not your mortgage, it’s a cost of having a mortgage just like food isn’t healthcare.