My spouse and I bring in 125k a year and our 1050 monthly mortgage payment went up to 1300 a month due to increased property value and tax reassessment (two toddlers no other debt) and all I can think is how the heck are all these people who get mortgages that are 30 percent of their income dealing with an extra surprise $200 a month increase? Do they just not save for their kids college or their retirement? Do they just willy-nilly tap home equity? Are they just living on credit? I think of what a shocker it is for us to fork over an extra 3,000 a year, but really it's nothing - not even 15 percent of our gross. We would like to purchase a van in a few years and I don't believe in financing so we will sock the money away, but even now I look at the market for cars and just feel like everything is inflated because a bunch of people are buying cars with money they don't have - we can't compete with insanity. It's just nuts.
Submitted June 29, 2023 at 11:28PM by NoAir9583 https://ift.tt/e0bQWuR
