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Nicole Friedman of the Wall Street Journal reported on December 23 that “nationwide, taxes and insurance make up more than half of the monthly mortgage payment for 9% of single-family mortgages.”
But then there is El Paso, where 22% of borrowers spend more than half their monthly mortgage payment on taxes and insurance.
And El Pasoans just elected a Mayor and five City Council reps who are committed to “investing” in our community with taxpayer funds, which will increase our property tax even more. Such is their “vision” for our future.
Lord help us.
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