

Homes are fucking expensive. I couldn’t afford to buy a house in most markets at current prices. I have no idea how people are able to buy homes today.
Even my neighbor down the street…1st home for him, wife, and 2 year old kid. He tried to sell because he didn’t understand how property taxes worked. The previous owner of 30 years payed 1.5K a year. He bought the home and was hit with a 15K tax bill. He couldn’t afford it and thought his bill would also be 1.5K. The closing agent and real estate agent didn’t explain anything to him. They were just happy to collect commission and fees on a very expensive house.
The bank usually pays taxes and Insurance from the escrow account. You pay into escrow every month. If insurance goes up, so does the amount you pay into escrow