Here's how much homeownership costs per year, on top of your mortgage

The video discusses the financial aspects of buying a home in the US, highlighting that the median home price exceeds $430,000 and mortgage rates are around 7%. It emphasizes that first-time buyers often overlook hidden expenses, which can amount to $18,000 annually, including property taxes, insurance, and maintenance. Over a decade, these costs can reach $180,000. The video advises planning for these expenses by saving for emergencies and conducting home inspections to avoid costly repairs.

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