Inflation here? gas/grocery prices just continue to climb

efil4stnias said

yeah i was averaging that cost on $250,000 home.

you get to $400,000 and toss a 4 or 5 in front.

i dont know how this plays out.

And as i noted earlier, the home behind me sold for $660,000. Meaning someone is about to spend $500/mo just on insurance for that home. Add tax at a millage of about 1.6, that is around $9k taxes ( WITH the $75k homestead exemption - so $800 a mo in tax )

so $1300~ roughly added to mortgage note.

oof.

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DC homeowners insurance for 500k home is $600. Property tax is $850/100k or $4250 before 75k homestead. A 5k/yr payment for T&I is reasonable on 500k, that’s 1%. DC also caps tax increases at 10%. So when its reassessed at 580k next year you only pay on 550k.

I don’t know how SELA residents afford the $3600+ insurance rates. I think my mom pays $4200 in Kenner for a home that has never flooded in 45yrs. They even made her put a new roof on before they would insure her.