Thursday, January 8, 2015

Why do Americans say they own their homes when they really just have a mortgage?

They don't own anything. They just have a mortgage that they pay like rent each month. And even when they are done paying it they still have to pay property taxes(same as rent). When do Americans keep claiming they "own" their homes like this?

Read more: Why do Americans say they own their homes when they really just have a mortgage?