4 ms·
I feel like its a useful metric for lots of issues - especially public policy issues. Even if the bank "owns" the home you get the tax breaks for it and behave
by fasthands9 4y ago
I feel like its a useful metric for lots of issues - especially public policy issues. Even if the bank "owns" the home you get the tax breaks for it and behave like someone who has a self-interest of increasing the value of it.
- nerdchum 4y agonone of that matters though to the true definition of ownership which is complete control over the object people.seem.to want to identify as an owner as it makes them feel good.
- fasthands9 4y agoyoure getting stuck in semantics. if you own a house in the US you still pay property tax and are subject to the rules and regulations around it anyway. the point of these stats is to know who is a renter and who has property they own.
- nerdchum 4y agoI completely agree. After you pay off the bank you STILL don't own the property thanks to the government who can take it away. a homeowner is merely a serf for the government property taxes.