@Cleverdawny@lemm.ee to Memes@lemmy.ml • 2 years agopatriotic guitar twangleslemm.eeimagemessage-square226arrow-up11.6K
arrow-up11.6Kimagepatriotic guitar twangleslemm.ee@Cleverdawny@lemm.ee to Memes@lemmy.ml • 2 years agomessage-square226
minus-square@CoffeeJunkie@lemmy.worldlinkfedilink1•2 years agoHe bought it, yes, but technically the bank owns it yet. IIRC he says he owes $60K on it, and he’s paying it off. Very common practice. With this debt, and working a standard job, he doesn’t have the means to raise livestock atm. So yes, he’s planning to, someday.
minus-square@Aaliyah1@lemm.eelinkfedilink1•2 years agoWhat does this even prove? If I take out a mortgage to buy a house, the bank “technically owns” my house. Does this make me not middle class?
He bought it, yes, but technically the bank owns it yet. IIRC he says he owes $60K on it, and he’s paying it off. Very common practice.
With this debt, and working a standard job, he doesn’t have the means to raise livestock atm. So yes, he’s planning to, someday.
What does this even prove? If I take out a mortgage to buy a house, the bank “technically owns” my house. Does this make me not middle class?