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by jjk166
802 days ago
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> Property taxes and home-maintenance costs are climbing in much of the country. Non-mortgage costs including property taxes, maintenance, utilities and insurance make up more than half of homeowners’ overall costs, according to a 2022 analysis Property taxes are proportional to property values, affected by inflation. Insurance is proportional to property values. Home-maintenance costs are materials and labor, both affected by inflation. Utility prices tend to adjust for inflation. When everything is getting more expensive, it's not a news story that any particular thing is getting more expensive. |
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