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Comment on Why do some say they own or have bought something that they technically haven't (e.g. domain names, expensive things, etc.)?

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Diddlydee@feddit.uk ⁨1⁩ ⁨week⁩ ago

I’m still confused. I own my houses and cars. I’m still paying for one of my houses (the one my mum lives in) but it’s legally mine as long as I continue to pay the mortgage.

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ALostInquirer@lemm.ee ⁨1⁩ ⁨week⁩ ago
Own as in mortgages/loans paid off, I take it? That’s the slight distinction I’m thinking of with expensive items that typically can’t be bought outright. It’s not wholly owned until mortgage/loan is paid off, which you kinda nod towards with your last sentence.

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- Diddlydee@feddit.uk ⁨1⁩ ⁨week⁩ ago
  But you legally own your house if your name is on the title deeds. The deeds say I am the owner regardless of whether there is a mortgage or not. The mortgage is recorded on the title deeds, but it doesn’t change the fact that I am the owner.
  
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