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Lou
 
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Default Why buy a house?


"Larry Bud" wrote in message
om...
In the end, I suppose it's a matter of personal preference. But I do
wish my home-owning friends would cut out the holier-than-thou attitude.


I hear where you're coming from. My sister bugged me for 10 years
about "owning" (the BANK really owns it, for 30 years at least).


Nope - the bank or whoever holds the loan has a lein on the property, but
doesn't own it. For instance, if the place goes up in value, you as the
owner get to keep that appreciation, not the bank.