When you pay a mortgage, you own the home it's just collateral on the loan so if you stop paying the loan, the bank can legally take your home (that you legally own when you purchase it)
The bank is never going to give a shit about what you do with the home is the big difference. As long as you don't deliberately destroy the home, you can do what you want with it. That's really what ownership means
I used to live in an hoa neighborhood but literally everyone lived like we weren’t.
Couple of my neighbors had chickens, they only really hit me up like twice in 5 years to cut my lawn but most of the time they didn’t say anything and it was a jungle sometimes lol
It makes material difference in that you can sell the house, which means your wealth is tied to home prices in your area. This informs the politics of home owners and gives rise to NIMBYism, hostility towards the unhoused, cop worship and other forms of Liberal :brainworms:
When you pay a mortgage, you own the home it's just collateral on the loan so if you stop paying the loan, the bank can legally take your home (that you legally own when you purchase it)
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The bank is never going to give a shit about what you do with the home is the big difference. As long as you don't deliberately destroy the home, you can do what you want with it. That's really what ownership means
Unless you have an HOA. Fuck HOAs
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legitimately sounds pretty cool lol
I used to live in an hoa neighborhood but literally everyone lived like we weren’t.
Couple of my neighbors had chickens, they only really hit me up like twice in 5 years to cut my lawn but most of the time they didn’t say anything and it was a jungle sometimes lol
HOAs are proto-soviets
When local property owners come together to make sure the value of their properties stay high, you got yourself a Soviet in the making
It makes material difference in that you can sell the house, which means your wealth is tied to home prices in your area. This informs the politics of home owners and gives rise to NIMBYism, hostility towards the unhoused, cop worship and other forms of Liberal :brainworms: