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PaperclipPerfector  3mo ago (text post)   3265 thread views

Small-Scale Question Sunday for May 12, 2024

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Monthly payment all-in is $2200 and expected to go up due to property values increasing.

I'm guessing you mean from taxes? That's a factor for sure, but it's going to be so minuscule that it isn't even worth talking about. The assessed value of my home went up by like 75% in the past year, and it's going to mean an extra couple hundred dollars on our monthly payment. Compared to the value you will get from selling the house later on, that's nothing imo.

Yes, taxes. It went up by $400/mo last year, and I expect another $100/mo again this year. That’s not minuscule to me. But you’re right—long-term it mostly washes out.

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