The author contrasts public concern about mortgage rates with the real, recurring costs of homeownership, detailing $26,000 in unexpected summer expenses—$9k for four tree removals, $12k for an HVAC replacement, and $5k for a pool pump—and asks how much homeowners should budget annually for maintenance.
The author reports $26,000 in unplanned home expenses this summer: $9,000 to remove four trees, $12,000 to replace the HVAC, and $5,000 for a new pool pump.
Everyone's obsessing over mortgage rates.
Nobody talks about what it actually costs to keep the thing maintained.
We've spent $26k on unplanned home expenses this summer:
• $9k to remove 4 trees
• $12k to replace the HVAC
• $5k for a new pool pump
How much are you actually supposed to spend per year on a house?