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Originally Posted by MandoMan
Ugh! First tax bill for me since buying a different house, mortgage free and bond paid off, and paying the tax directly instead of by escrow. Including the “maintenance” fee and fire, $3,400. Ouch! But it beats having a mortgage. So, that’s almost $300 a month, plus about $270 for amenities fee, water, and sewer, plus around $100 for electricity. That’s $670 a month. Home insurance on my courtyard villa brings that up to close to $900. I’m not complaining. It’s just interesting to me to see the numbers. I think most people here pay more.
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The monthly cost of a home is getting to a point where renting may be a better option. But, everyone must look at their finances and do what is best for them.