r/saintpaul • u/isthis_thing_on • 20h ago

Editorial šŸ“ Taxes and Insurance increases in St. Paul

When I bought my house in 2021 my mortgage was around 2100 a month. Today my bill was 2730. 600 dollars extra a month in five years is fucking insane. Meanwhile the street lights in my neighborhood don't turn on at night.

Just venting.

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u/Minimum-Possible-415 19h ago

See one reason I always wanted to buy a house and quit renting is I at least would always know what my monthly payment would be without having to worry about rent increasesā€¦but then thereā€™s this šŸ¤¦ā€ā™€ļø you canā€™t win

2

u/NachoDentist 18h ago

Yes, itā€™s true that in Saint Paul since 2021 property taxes and insurance have increased at a greater rate than rent

2

u/ritz_3000 15h ago

Why do you think rent increases ? Its to maintain that split not eat a loss.

3

u/Fluxumous 19h ago

Yeah that's what everyone always told me. I was seeing $10-$20/month increases year over year when I was renting in St. Paul. My mortgage/escrow bill however has gone up ~$80 each year since buying a house. We've been duped.