Home > Economic Fallacies, Economy, Real estate > “People with mortgages are still renters…”

“People with mortgages are still renters…”


An incisive comment about people’s misunderstanding of what a mortgage represents: it is a promise to pay back a creditor a lump sum plus interest payments. In what real sense, then, is a mortgage holder an owner of a piece of property?

Via Felix Salmon’s Twitter feed.

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