| Will this be the only home you can afford? Move over, chickens! |
Do you think of yourself as a homeowner because you bought a house? When you first purchased a home, you probably thought, "Well, the bank and I own it until I pay off the mortgage in 20 or 30 years." Did you celebrate when you "paid it off?"
Think again. Even after you "pay off" the mortgage, you are a renter. It doesn't matter how long you've lived in your home or whether you've reached the end of the 30 year mortgage; you are a renter. The real homeowner is the government. You'll find out pretty quickly if you don't pay the PROPERTY TAXES who owns your house. The government does.
