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Team Crabtree Homes

1 weeks ago

The debate that breaks the internet every time: Are you a homeowner if you’re still paying a mortgage? One side says you’re just renting from the bank. The other side says the deed has your name. Both sides are loud. Both sides are convinced. And honestly? Both sides are kind of right. Here’s the perspective that says you’re NOT a homeowner yet: You don’t own it until it’s paid off. Miss three payments? The bank takes it. You’re building equity, sure, but you’re also one job loss away from losing everything. You can’t do whatever you want—HOA rules, zoning laws, property taxes. Stop paying and see who really owns it. (Spoiler: Not you.) You’re a tenant with equity. Here’s the perspective that says you ARE a homeowner: Your name is on the deed. You build equity with every payment. You benefit from appreciation. You can sell it, rent it, renovate it. The bank has a lien, not ownership. You own it. You just owe on it. So which is it? Depends on who you ask. And what they’re trying to prove. The renter who wants to feel superior: “You’re just renting from the bank.” The homeowner who wants validation: “The deed says MY name.” The reality? It’s more nuanced than either side wants to admit. Here’s what actually matters: Renting: * Build zero equity * Landlord raises rent annually * Get zero tax benefits * Can’t build generational wealth * One eviction notice away from moving Mortgage: * Build equity every month * Payment stays fixed (30 years) * Tax deductions on interest * Appreciation builds wealth * Miss payments? You have options (forbearance, modification, sale) One makes you poorer. One makes you richer. Even if you “don’t own it yet.” The philosophical argument is fun. The financial reality is clear. Lightbox link for post with description The debate that breaks the internet every time:...

The debate that breaks the internet every time:
Are you a homeowner if you’re still paying a mortgage?

One side says you’re just renting from the bank.
The other side says the deed has your name.
Both sides are loud. Both sides are convinced.
And honestly? Both sides ...are kind of right.

Here’s the perspective that says you’re NOT a homeowner yet:
You don’t own it until it’s paid off.
Miss three payments? The bank takes it.
You’re building equity, sure, but you’re also one job loss away from losing everything.
You can’t do whatever you want—HOA rules, zoning laws, property taxes.
Stop paying and see who really owns it. (Spoiler: Not you.)
You’re a tenant with equity.

Here’s the perspective that says you ARE a homeowner:
Your name is on the deed.
You build equity with every payment.
You benefit from appreciation.
You can sell it, rent it, renovate it.
The bank has a lien, not ownership.
You own it. You just owe on it.

So which is it?
Depends on who you ask.
And what they’re trying to prove.

The renter who wants to feel superior: “You’re just renting from the bank.”
The homeowner who wants validation: “The deed says MY name.”
The reality? It’s more nuanced than either side wants to admit.

Here’s what actually matters:
Renting:
* Build zero equity
* Landlord raises rent annually
* Get zero tax benefits
* Can’t build generational wealth
* One eviction notice away from moving
Mortgage:
* Build equity every month
* Payment stays fixed (30 years)
* Tax deductions on interest
* Appreciation builds wealth
* Miss payments? You have options (forbearance, modification, sale)
One makes you poorer. One makes you richer.
Even if you “don’t own it yet.”

The philosophical argument is fun.
The financial reality is clear.

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