Title says it all - my mortgage is going up $420 PER MONTH, starting in July. That's a new car payment (which we won't have the luxury of affording now). This is because of last year's property re-evaluation greedy money-grab from my state and/or county in Ohio, so I'm basically getting taxed on unrealized gains.
If this had happened to my brother, who is on a very fixed income, he'd literally be homeless (he's in TN renting from our cousin, thank God for him). How are old folks supposed to come through this? So many will lose their homes, and the real rub is that monthly rental costs are even higher than our mortgage payments so they can't count on moving into a rental rather than have their home foreclosed.
Sorry to vent. My youngest graduates from high school next spring so we'll definitely be voting with our feet.
You might like Texas fren. I went to Columbus for work and I was surprised how similar it was to Houston. Friendly people into cars, beer and BBQ.