Re:Most Germans don’t buy their homes, they rent
by shostack on Tuesday October 25, 2016 @08:43AM
(#12787385)
We are in fact all renting from a handful of giant land owners. The banks that hold the mortgages.
Now, you could argue those themselves have ownership distributed because they are public companies so therefore those mortgages are in fact benefiting shareholders, but banks own the majority of homes in America. And if you pay it off and don't pay taxes, the government does.
Now, you could argue those themselves have ownership distributed because they are public companies so therefore those mortgages are in fact benefiting shareholders, but banks own the majority of homes in America. And if you pay it off and don't pay taxes, the government does.