/soy/ - Soyjaks

I was fortunate enough to purchase a home right at the start of Covid when the prices were still low and the interest rates were like 3%. My mortgage was only $1550 at the time, which I think is very affordable for living in New England.

Unfortunately one day, I get home from work and see a car in my front yard with the rear axle ripped off and my front entrance destroyed. The lady across the street backed into my house.

Fortunately insurance paid for the damages, but I still had to make a claim regardless of whose insurance paid out. After this incident my insurance company dropped me out of the blue and I was put on force placed insurance. This insurance was nearly double what I was paying before. So this alone increased my mortgage like $150/month.

Well I tried shopping around for home insurance, turns out they don't like when you have a claim in the last 5 years because you're high risk. They also don't like people on force placed insurance. Also most companies don't even offer insurance where I live because everywhere within 10 miles of the costs is allegedly considered a flood zone. Well that's fan-fucking-tastic because everywhere in Rhode Island is 10 miles from the coast.

So eventually to get out of forced placed insurance (to hopefully eventually transition to a more affordable insurance) I had to settle for insurance even more dogshit than the forced placed insurance. This added another $100 to the mortgage.

But it gets worse, the escrow account that pays out the insurance and taxes, now had to play catch-up to makeup for the new higher insurance cost.

Needless to say my mortgage payments are now $2035/month up $500 from just a few years ago, and it'll be like this for a while.

Which okay, I could manage that maybe, if everything else wasn't going up in price too. I'm basically barely floating on the surface here trying to not go underwater.