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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: the_wheel who wrote (7466)12/20/2002 4:14:01 PM
From: MSIRead Replies (1) | Respond to of 306849
 
I stated RETAXES were 4K mo, no they were 7-8K per month!

That can't be right. $600k at 1-1/4% is prox $7200 PER YEAR, plus insurance and local add-on bonds can double or triple that.

But, whatever they are, it's a major shock to young homebuyers expecting immediate gains in their annual net worth when converting to homeownership to see another $500 to $1000/mo. tacked on to their mortgage.


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