Inflation in your World

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Here is a real eye opener. The cost to maintain the most valuable asset most family’s own increased by 26% on average since the pandemic. This is excluding the mortgage payments.

Homeownership Costs in the US Jumped 26% Since Pandemic Began — Bloomberg

The cost of owning a home in the US has increased 26% since 2020, as expenses including taxes, insurance and utilities all soared during a period of high inflation across the economy.

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I know Housecleaning & Yard services went up!

 

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I know Housecleaning & Yard services went up!

I would imagine a big part of that increase was homeowner's insurance. Mine has gone through the roof, pun intended. I get it because materials and labor costs have gone up too for contractors to repair damages. Went shopping about two months ago and got with an agent that got me a much better deal, but won't be surprised to see them raise their rates too.