Do you own your own home? This is asked as opposed to "do you rent". When the the person answers...I OWN, they swell with pride and accomplishment. Their whole demeanor changes. It lights up, has a confidence and a display of "I did it" aura to it. I'm somebody. Next time this comes up or you ask, watch this because people who own Real Estate are very happy to do so
HQ
Why is that? Can it be a statement of accomplishment? I came, I saw and I purchased? I own therefore I am? Or, can it be the realization of having a permanent place to lay ones head sort of like a head quarters or place of operations, rest and security. Having a home is part of our culture, history and strong urge to NEST
A PERSON OF PROPERTY
How about it is the beginning of a person having something in the form of wealth that they believe will enable them to either live comfortably or pass on an asset to a loved one or family remember? It denotes a person who accomplished something and it comes with acceptable boasting rights
PIGGY BANK PRINCIPAL
In Real Estate, there is no denying that after several years, equity, appreciation and values all manifest themselves and a homeowner can not only recapture their investment but make money as well. Add to the fact that you have to live somewhere and it makes sense to own something for a length of time...Rent gives no returns but mortgage payments do
INDEPENDENCE
I have seen where people who live alone and enjoy it eventually may have to move into an assisted living care facility at some point. Having had a home for years and then selling it or renting it out may offset those expenses thus making it a viable option. It enables them to maintain a certain quality of life about themselves
LITERALLY OWNED
Honorable mention to those that literally OWN their homes outright. They pay nothing but taxes and insurance, light repairs, and utilities. Their income can be moderate because their expenses are reduced. We forget that this works very well and if one leaves the purchase alone and is faithful to pay into the concept...it pays you back
RENT OR OWN STIGMA
I also have noticed that some people when asked if they OWN or RENT if they answer RENT, may have a sense of failure or shame feeling causing them to have to explain why they rent. In America, owning and renting means something to the ones that do it and the ones that ask about it.
YOU ARE BEING ASSESSED
Today, when someone is asking or answering this question, no doubt there is a story that accompanies the answer. People have the need to explain and if not that, they cannot help but recall why they rent or don't own. It remains a part of our culture. We use it to define ourselves OR be defined by it
Renting and owning....It goes on
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