You never really OWN a property in the US. There never comes a day when you don't have to make government payments on that property anymore. If you don't pony up every year they will seize it for payment. It's like renting but you can have a dog [licensed] and paint the bedroom purple; unless you bought in an HOA then you can't do that either.
Renting has other advantages, if the neighbors become shit and you hate the place, with 30 days notice you can pack up and go somewhere else, you're not stuck with the financial burden of a house with bad neighbors.
Believe me, even if you live out in the country there are bad neighbors. And if they too own their property they are probably never leaving, and they will piss you off for the next 30 years.
Renting may have short-term advantages but overall it's a massive burden. Which is why banks love it: they can extract MUCH more wealth from people.
Look at Germany for example: owning a house used to be something people aspired to. After decades of indoctrination it's now being seen as negative. The constant stream of "green" and "pro consumer" regulations also made sure that goal has become unattainable for most people.
Coincidentally Germans have some of the lowest personal wealth in all of Europe, especially compared to "poorer" countries like Italy. The German state might be wealthy, its people sure aren't. Renting is wealth distribution from the lower and middle classes to the upper class.
You never really OWN a property in the US. There never comes a day when you don't have to make government payments on that property anymore. If you don't pony up every year they will seize it for payment. It's like renting but you can have a dog [licensed] and paint the bedroom purple; unless you bought in an HOA then you can't do that either.
Renting has other advantages, if the neighbors become shit and you hate the place, with 30 days notice you can pack up and go somewhere else, you're not stuck with the financial burden of a house with bad neighbors.
Believe me, even if you live out in the country there are bad neighbors. And if they too own their property they are probably never leaving, and they will piss you off for the next 30 years.
Renting may have short-term advantages but overall it's a massive burden. Which is why banks love it: they can extract MUCH more wealth from people.
Look at Germany for example: owning a house used to be something people aspired to. After decades of indoctrination it's now being seen as negative. The constant stream of "green" and "pro consumer" regulations also made sure that goal has become unattainable for most people.
Coincidentally Germans have some of the lowest personal wealth in all of Europe, especially compared to "poorer" countries like Italy. The German state might be wealthy, its people sure aren't. Renting is wealth distribution from the lower and middle classes to the upper class.
Happened by design. They still hate Germans for fighting them.