Are you trolling?
If you paid rent you would have a roof over your head for that time. Nothing to show for? You didnβt lose anything. You got exactly what you choose to pay for.
Of course you can borrow money and make a return in 10 years. No one is arguing that. That doesnβt mean making yourself a slave to a bank is a good idea.
Why would you think I donβt own a house? Because I donβt talk like someone who has a regretful mortgage?
How are you a slave to the bank? You get to live in your house donβt you? π If you borrow at 2% interest and the interest is now 5%, they are paying you to own a mortgage.
Try getting sick and lose your job. Pay that mortgage you slave. Cant pay? Sorry you lose everything.
Same shit you are renting. π
Yes exactly! So own a home!
I do. 3 π
Thatβs amazing if they are paid off! π€π€
No one still has a mortgage, but I am renting it so someone else is paying the mortgage π
So it has a mortgage if someone else is paying it? And if there is a mortgage its not your house. Its the banks.
Technically yes, but I can sell it at anytime and get my money back.
Oh for sure. I guess Iβm going on about true home ownership. If you donβt 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 βI borrow a house from the bank, Iβll own it in 23 years.
