Quote:
Originally Posted by Woogieman
Most people don't understand the mill rate basis and only understand the bottom line figure, which is included in what they can affors for a monthly mortgage payment. Most people understand that Jackson Co. funding $2mm for opioid addiction, stripping $42mm from the police and reserving it for "community engagement services", and funding pro sports stadiums. Most people understand that when your mortgage payment suddenly increases by $290/mo and you're on a fixed income, there isn't adequate time to make formulate a strategy. As is true of all levels of govt., they have completely forsaken their mission statement, and have become self-perpetuating, Diocletian monsters that have live by "reules for thee, and not for me".
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Anyone rolling their taxes into their house payment is making a mistake. You are at the mercy of your mortgage lender and their rules of escrow. It ends up actually costing you more money each month. Also, that $290/month figure is not happening to poor people or people on a fixed income. The average payment increase per month for that demographic is around $40-50 per month. There are exceptions like the story of the people whose 1,500 sq. ft. home was valued at 18K and increased to a realistic 140k.