Monday, January 19, 2009

Supposedly home owners

First of all I don't own the home anymore, wait...

For legal purposes, yes I own the home. From equity perspective, house prices have gone down significantly wiping out my down payment. So practically I am not even the part owner and the bank owns it from a common sense perspective.

Sometimes it makes me wonder that the rent is too high for my house :-) and I should find a better place for the rent (I mean mortgage) I pay.

I am at overall loss. Bank makes profit on me and govt pays them to do their job. Sounds weird.

No comments: