Insurance and Taxes Now Cost More Than Mortgages for Many Homeowners

Insurance and Taxes Now Cost More Than Mortgages for Many Homeowners

Insurance and Taxes Now Cost More Than Mortgages for Many Homeowners

Soaring costs for home insurance and property taxes are busting homeowners’ budgets. Insurers have pushed [big rate increases](https://www.wsj.com/finance/regulation/home-insurance-premiums-surge-states-approve-8656877d?mod=article_inline?mod=realtor) because of losses from natural disasters and rising costs to repair homes. Surging home values in recent years, meanwhile, have lifted[ property taxes](https://www.wsj.com/real-estate/property-taxes-ballot-measures-election-1ea01b1b?mod=article_inline?mod=realtor) for many homeowners. These ballooning expenses are rewriting the math of homeownership. In September
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