Stuck in Paradise
The following is an excerpt from The Financial Alternatives Column in Coast News. In this article, Jim's co-author Matt discusses his decision to stay in his condominium.
I recently explored upgrading from my current condo into a house, but the resulting property tax and mortgage expense increase would be too great for me to justify a move. This same predicament, which I call the “golden handcuffs” provides disincentives for many homeowners to move, fanning the flames of the affordable housing shortage in North County.