I not only owned it, I made a huge profit when I sold it.
In my neck if thw woods, if you’ve fixed up your home really nicely, you can’t sell it because nobody wants to assume the soaring property taxes that come with the improvements. We’ve had a number of contractors in this year for bids and work, and every single one has talked us out of doing anything other than the bare minimum. Every single contractor.
Yeh property taxes and insurance are just part of the expense of wealth building. The housing market is like the stock market. It goes up and it goes down. Buy low and sell at the top. I put zero down on the last two homes and walked away with a big profit. The taxes and insurance were just a business expense.