More than 80% of recent homebuyers say they regret their purchase, according to a recent survey from Clever Real Estate. Home prices have been rising faster than incomes, which can be a problem for homeowners because as the value of a home rises, so does the cost to maintain it. Property taxes and insurance premiums have been rising at a rapid rate, influenced by inflation and the increase in catastrophic weather events.
Chapters:
0:00 Introduction
1:17 Property taxes
3:44 Homeowners insurance
6:08 Tips for prospective and current homeowners
Produced and Shot by: Charlotte Morabito
Edited by: Nora Rapapport
Additional Camera: Natalie Rice, Emily Rabbideau
Animation: Jason Reginato, Christina Locopo
Supervising Producer: Lindsey Jacobson
Additional Footage: Getty Images
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Why Homeowners Are Struggling To Afford Monthly Expenses
Why Homeowners Are Struggling To Afford Monthly Expenses
Теги
Inflationhomeownershipproperty taxeshome insurance premiumsregret buying homemaintain standard of livingaffordability crisisincomeproperty assessmenttax assessmenttax districtbuild infrastructureadvocateproperty tax increaseschallenge tax assessmenthomeowners insurancehome purchasenatural disasterswildfiresfloodinghazardous weatherinsurance premiumsmortgagereal estate taxesinsuranceproperty taxmortgage paymentproperty tax relief