this post was submitted on 11 Sep 2023
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submitted 1 year ago* (last edited 1 year ago) by sag@lemm.ee to c/comicstrips@lemmy.world
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[โ€“] AstralWeekends@lemm.ee 3 points 1 year ago (1 children)

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!

[โ€“] InternetTubes@lemmy.world -1 points 1 year 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.