In 2024, I will raise the rent to $1,900, which is excellent for my tenants. However, my new mortgage is $1,410 because of higher property taxes.
So, of my $100 pay raise, the local government took $65. Of course, I could raise the rent more, but that’s not how I want to proceed.
This financial encroachment happens across all spectrums of our daily lives. Food, gas, utilities, subscriptions, repairs, electronics, phones, and college are constantly rising. How are Americans supposed to react?