the.com/home ownership
a 30-year bet that the bank owns your house slightly less each month.
means legally holding title to the place you live, usually while still paying off the loan you used to buy it.
from tied to the postwar american dream: the gi bill and cheap fixed mortgages turned owning a house from rich-person privilege into middle-class default setting.
median payoffmost owners refinance or move before loan ends
equity mythfirst years of payments are mostly interest
tax breakmortgage interest deduction subsidizes buying over renting
wealth driverlargest asset for most american households