Mortgage 🇺🇸

This isn't entirely true tho.. Your house can literally be sold so you are liquid and then you can go rent if you want. This is what most seniors do. Mortgage is a source of investment, you can sell anytime you want and get the latest value of the house plus all you have paid minus the debt. So this is totally untrue

People lie for no reason. Most monthly mortgage payments will include county taxes, PMI, and, Home Insurance. The county tax is not something new you start paying after you pay off your mortgage.

Buy or rent, you pay property taxes still. The property tax funds school, police and fire fighters. Having a problem with that is having a problem with a working system. Just buy within what you’re willing to pay as rent. Then you’re 90% better than a renter within same range.

Bro you are wrong. Property tax is Property tax. Its not the same as mortgage and when you were paying the mortgage, we're you not paying Property tax?

Western countries makes u live life on loans which is like a double edge sword it can eat u hard if it goes wrong

The T in mortgage is silent

I don see why my papa go build house for akure and Lagos. Lmao 🤣

The question now is does the tax to the county remain same over the years or it’s liable to change?

Bro just here yawning…… you did not make a single point … not a solution …. Not a shared experience to avoid whatever fear you are trying to create . So just shvt the fck up

Naija mentality. Hate anything taxes, no wonder the country doesn’t get to enjoy any basic amenities without paying through their teeth

@grok is this the same in Canada

This is a red herring. Council tax in UK pays for waste and environment; infrastructure - local roads, bridges and street lights; social care; culture and recreation - public libraries, museums, parks and league centres.

County tax is separate from mortgage payments, much like road tax is separate from buying a car. It helps fund the services and communities we rely on, and tenants also contribute indirectly because landlords typically include these costs in rent.

Buy in Dubai, and rent in America

Property tax is a scam. Short and simple!

This is not all true because how did you calculate the property tax to get that amount yearly? And who said you if your income changes that year tax doesn’t change? Please do a research and don’t let this keep you from buying a house if you can

The sad reality is that, if you choose not to buy a house, you will still pay property tax and mortgage indirectly. No one will rent a house to you without incorporating the rent and property tax in the rent.

My bro, if you know what landlord does and you can mortgage a home, please go for it. I have lived in an apartment where repairs were not done throughout the contract years only promises. I think most people who take out mortgages do so because of the excessiv of most management

Is this same for UK?

Do renters not pay county tax?

Y’all should buy when ready!

This is wisdom.

There's a bit of exaggeration here. You can sell your house at any time depending on whether you want to take what the market offers + bank fees at the time or not. The banks will never stop you. Like quite notice in rental, if you are unable to pay, you lose it.

@grok is it the same in the uk 🇬🇧?

Misinformation

Still better than renting in all ramifications ohhhh

Don't give APC any Ideas Bro

Viks knows

Irrespective of you buying or renting - the county tax must be paid - the difference is when you own the house, you can sell and get something back - unlike the rent, you don’t get anything back when you are done with the house.

Yes o.

It’s better to be paying rent for ever or 😳😳

You can’t look at your county bills like that, how do you get good roads, power, water, security without paying that?

This is crazy 😧