Quote:
Originally Posted by Chatbrat
Debt keeps poor people poor and makes rich people richer. Avoid it like the plague. If you owe any money on your residence, you don't own it, you're renting it from your lending institution < ( another name for landlord)
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What you say is absolutely correct, however, you are also "leasing" your property from the Government. You pay your lease in the form of taxes each year. So in reality you never really own your home free and clear so to speak.