Thread: Mortgage
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Old 11-04-2024, 12:17 PM   #10
fatgas
Purveyor of fine filth
 
Join Date: Feb 2024
Posts: 316
Default Re: Mortgage

To further expand on my point, Mark Bouris mentioned the nature of property ownership some years ago:

Quote:
“I have a view on real estate ownership, nobody actually owns real estate. You can’t lay down and hug it on the ground, you don’t own it, OK? What you have is the right to occupy against everybody else,” Bouris said.

“Now whether it’s for life, or the rest of your life, or for forever … it might be a 90 year lease or the next 25 years, it’s all the same, we’ve just got the right to occupy. And all we are is minding that bit of real estate, looking after it for the next 20 or 30 years or for the rest of my life, until the day I die.

“So the concept of ‘do I own, do I rent?’ I think it’s nonsense,” Bouris said.
https://www.domain.com.au/news/mark-...=link&ref=pos1
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