• AstralWeekends@lemm.ee
    4·
    10 months ago

    I just bought a house in the eastern part of the Midwest in the US. The tax assessment in 2021 for the house was about 193k. In 2023, it’s 275k. That is a 30% increase in 2 years. During those 2 years, nobody lived in the house, and no improvements were made in that time. Neat! My mortgage is still about the same as my rent for a 2br apartment in Oregon earlier this year. I suspect the Midwest is about to start hating Oregonians as much as Oregonians hate Californians soon!

    • InternetTubes@lemmy.world
      23·
      10 months ago

      The real problem is that it doesn’t cost practically anything to not maintain a property like a house. It either should or the concept of a rent should be abolished for that of affordable ownership. The housing bubble is crowdsourced greed.