• 0 Posts
  • 4 Comments
Joined 1 year ago
cake
Cake day: July 2nd, 2023

help-circle

  • The point being that your place of residence, the place where you possibly stake your roots and raise your family, is not fully yours and can just as easily be taken away if you suffer any type of financial misfortune or fail to keep up financially with the market around your community.

    The relationship to your lender is very similar to a renter’s relationship to their landlord.

    Equity is a benefit, surely, but indebting yourself for 30 years in a location you may have compromised for is the other side of it. And your relationship to a higher authority who truly owns your property remains (until the debt is paid, of course).

    Inherently, it all comes back to private property and one’s relationship with its owners.