Source: New York Post
Owning a home has become a money pit, according to a new report — with the costs of insurance, taxes, mortgage payments and repairs growing dramatically faster than inflation. American homeowners in 2025 spent about $28,500 per year on basic ownership costs, on average. That’s up from the $20,000 the same things just six years earlier in 2019, before the pandemic, the Wall Street Journal reported.
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