I paid off my car this month. After six years, it is finally mine. At last, I own it.
And I don’t just mean “I have physical possession of the vehicle.” I mean that it’s mine.
It is a debt that has been completely, fully paid off.
Which got me thinking about how little any of us actually own.
America prides itself on being a land where you can have your own piece of the pie. In fact, homeownership itself at some point became synonymous with “The American Dream.”
As one who went from house to apartment and is again looking for a house, I can tell you that being a “homeowner” is a misnomer. You really “own” nothing.
Your bank owns the house until you pay off the mortgage some thirty years later. And even then, if you don’t pay your property taxes, the State can do all sorts of fun legal things to make you pay…including putting a lien on your house.