Many Americans are facing financial difficulties in home ownership as rising mortgage interest rates, escalating insurance premiums, and high property taxes create a financial burden. Homeowners like Meg and Bernie express feeling trapped in their homes, which have transformed from assets into liabilities. While they strive to cover rising costs, such as maintenance and insurance, they often have to sacrifice other necessities, leading to a perception of home ownership as a destabilizing force rather than a source of stability and security.
Her aging row home needs various repairs, while other costs associated with home ownership rose continually too. I had to take out an additional mortgage to replace the heat and AC system.
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.
Collection
[
|
...
]