Ace Makes Cents
@AceMakesCents
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My neighbor finished paying off her house in 2024.
She bought it in 1994 for $78,000. Thirty years of payments at $593 a month.
She's 74 now. Social Security pays her $1,910 a month. That's $22,920 a year.
The place two doors down sold for $615,000 last spring, so the county reassessed hers to match.
Her tax bill this year: $8,100. That's $675 a month.
She paid $593 a month to buy the house.
She pays $675 a month to keep it.
Thirty years of payments ended and the bill went up.
The deed says she owns it. The county bills her like she's renting.
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