The Guardian - Elevated mortgage and loan interest rates, exploding home insurance premiums and rising property taxes in many parts of the country, as well as higher costs for energy and eye-watering costs for home maintenance works have flipped the dream of owning a home into a nightmare for many Americans.
Homeowners who had assumed their properties would become valuable assets and provide security described their homes as “money pits” and “financial burdens”, and said they felt stuck in homes they could barely or no longer afford, with insurance, taxes, utilities and maintenance now often costing more than people’s mortgages. More
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