YOU CAN SAY THAT YOU TRULY OWN A HOUSE if you are not paying anything on that house as in NO RENT, NO MORTGAGE EXCEPT YEARLY TAX.
When you say that you are paying MORTGAGEs for the house that you bought then you still OWE certain amount to fully pay for that house to be called that house is legally owned.
When you say that the house you are renting is RENTED then the agreement is that you are a TENANT and have to abide rules and regulations to pay the rental house every month or what's agreed upon by you, the tenant and the LANDLORD.
However, it's better to say that the house you are staying and living with your family THINK of it as your own if you are renting it fully, paying the rent for the house monthly more than what a mortgage implies.
There are many fortunate house owners who paid their houses in full so they don't need to pay mortgage, only tax imposed by the government or what the municipality imposed.
There are house owners who are only paying less mortgages because they paid downpayment for the house, sometimes 1/2 of the cost of the price of the house when it was sold by owner or realtor. Wow! Rich! Where they got the money? lol. Nobody has money in this town, in this poor city. Less mortgages also applied when the buyer of the house paid at least 20% down payment of the price of the house. Well, that's a story that we can at least believe eh?
Is it better to BUY A HOUSE or RENT A HOUSE the question can be very intriguing and the answers could be very controversial.
My husband works for the realty company so it`s better to stay away from these inquiries.
Sayang! I want to write and read CONTROVERSIAL ISSUE but because it`s not good for me to write such issue and details then I have other options. Darn! I hate not to tackle this. LOL.
A house is not a home and a home is not a house ...
A HOME is a place where you can live in peace and order. A Home is a comfortable dwelling for your family where there is love, peace and harmony. It is a home in the sense that all the members of the family live comfortably and each member respectfully and responsibly do their duties and take part to make their stay as happy as possible without all the worries that your rights are violated.
So tell me what's new out there because everything is almost a replay, repetition and boredom seems to stay forever.
