Replying to Avatar π–‹π–Žπ–†π–™π–‰π–Šπ–“π–Žπ–Šπ–— (Β―`◕‿◕´¯)

How are you a slave to the bank? You get to live in your house don’t you? πŸ˜† If you borrow at 2% interest and the interest is now 5%, they are paying you to own a mortgage.
51
516add19... 2y ago

Try getting sick and lose your job. Pay that mortgage you slave. Cant pay? Sorry you lose everything.

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π–‹π–Žπ–†π–™π–‰π–Šπ–“π–Žπ–Šπ–— (Β―`◕‿◕´¯) 2y ago

Same shit you are renting. πŸ˜†

51
516add19... 2y ago

Yes exactly! So own a home!

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π–‹π–Žπ–†π–™π–‰π–Šπ–“π–Žπ–Šπ–— (Β―`◕‿◕´¯) 2y ago

I do. 3 πŸ˜†

51
516add19... 2y ago

That’s amazing if they are paid off! πŸ€œπŸ€›

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π–‹π–Žπ–†π–™π–‰π–Šπ–“π–Žπ–Šπ–— (Β―`◕‿◕´¯) 2y ago

No one still has a mortgage, but I am renting it so someone else is paying the mortgage 😁

51
516add19... 2y ago

So it has a mortgage if someone else is paying it? And if there is a mortgage its not your house. Its the banks.

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π–‹π–Žπ–†π–™π–‰π–Šπ–“π–Žπ–Šπ–— (Β―`◕‿◕´¯) 2y ago

Technically yes, but I can sell it at anytime and get my money back.

51
516add19... 2y ago

Oh for sure. I guess I’m going on about true home ownership. If you don’t hold the deed to the house, it aint yours lol. Even if 99% way to paying off mortgage. Until the lender hands the deed to the borrower, theres no house you own.

I think we need different vocabulary for people with mortgages. People easily say they own a house even if mortgaged. They should be saying β€œI borrow a house from the bank, I’ll own it in 23 years.