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Home Affordability Will Continue To Be A Struggle With Rising Property Taxes! #shorts

11 Apr 2025 · 1 min

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Rising property taxes are outpacing income growth and will keep housing costs high even if mortgage rates fall. The speaker saw his own taxes jump 25 to 30 percent and warns that states facing budget shortfalls will keep pushing costs onto property owners.

Chapters

Things like property taxes. And we're already seeing it. My property taxes have gone up, you know, in some cases 25%, 30%, right? We're already starting to see this and it's going to continue to happen. Property taxes are going to go up and up and up to pay for these shortfalls. The Hill actually did a great article on this where they said right in the headline, states should not rely on the federal government for, for, for aid, for money. States have to figure it out on their own where that money's coming from. And so the biggest well is the property owners where, where property taxes are going to continue to go up. And that home affordability, even if interest rates come down, that home affordability is still going to be difficult. Even if the mortgages come down, property taxes are going to be going up. So that monthly payment is still going to be a struggle.