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Comments by "" (@loveforeignaccents) on "Cost of homeowner's insurance skyrocketing" video.
What do these costs have to do with people who have been in their homes for years/decades and got a homeowner's price increase? I don't see the correlation. This is the cost of goods going up, which has nothing really to do with the topic of the video.
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You make 80k? You could obviously afford a house, but go ahead and keep throwing your money out the window on rent. You will never own anything and/or be able to sell it for a profit.
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@dl8619 Think you're talking about PMI insurance; homeowner's insurance is an entirely different thing.
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@ditherdather Well, that's an awfully long reply, so I won't address everything but will say that you will be spending monthly money for the rest of your life, which could be going into a savings account or, better yet, a CD/towards your retirement. My place has been paid off for nine years already, so that is just extra money I can save and don't have to spend each month. EDIT: Now just imagine you had nine years worth of rent at this point and what you could do with all that!
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@johnlyn1 I plan on living here forever, so that's actually a moot point.
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trolldaddy-xz5io Not a boomer, and my mortgage payments were under $1,000, so having a mortgage does not automatically mean that it will be double the cost of that person's rent. I take it you wrote that from the comfort of your mom's basement, where you live rent-free, since you have no clue about any of this.
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