His mortgage payment has gone up $550 in three years. It's all from property taxes. I mean, imagine that. That is a massive amount of money for anybody. Right. And so It's cheaper to rent right now for a lot of young people because of these high property taxes. But the problem is they go in and they sign a year lease where they're renting. And then whoever owns the apartment building they're renting from, their taxes keep going up, so then their rent keeps going up. (10:46–10:51)
CLAIM
Asserts that high property taxes make renting cheaper than buying for many young people.
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