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Not only do you pay property tax and a host of other fees, you have to pay homeowners insurance (which usually covers nothing) on top of that. Worst part, is the bank originating the loan (read making money out of nothing) is the one usually offering the insurance, creating a massive conflict of interest

Not only do you pay property tax and a host of other fees, you have to pay homeowners insurance (which usually covers nothing) on top of that. Worst part, is the bank originating the loan (read making money out of nothing) is the one usually offering the insurance, creating a massive conflict of interest

(post is archived)

When lightning strikes your house and half of it is destroyed you will be glad you have that damned insurance.