oats

u/oats@piefed.zip
1 posts · 134 comments

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Proving the original point that renting is not the same as paying a mortgage.

Yeah, that was not my point either. If it was, I wouldn't have bought a house, after all. This is our retirement fund.

For the time being it is mine with a footnote, the footnote being the banks supervision. That was what I tried to say.

Germany.

Of course there's a distinction between what is written in the contracts and what is actually lived.

Example: I agreed in writing that the bank can cancel the contract and collect all payment when they suspect I could not make future payments. I can fight the decision in court, but only after the fact of losing the house.

Practically, that will never happen as long as I make my payments etc, of course, as no bank wants to be known as the one kicking out owners without reason. But legally, they could.

Yes, but. I am the registered owner of my house, but the registration also states the loan I had to take out. And I can't change anything without the banks approval. I couldn't even sell my house if the bank doesn't agree. So I do own my house, but that doesn't really mean much until I paid for it.