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submitted 1 year ago by Cleverdawny@lemm.ee to c/memes@lemmy.ml

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[–] CoffeeJunkie@lemmy.world -2 points 1 year ago (1 children)

He bought it, yes, but technically the bank owns it yet. IIRC he says he owes $60K on it, and he's paying it off. Very common practice.

With this debt, and working a standard job, he doesn't have the means to raise livestock atm. So yes, he's planning to, someday.

[–] Aaliyah1@lemm.ee 1 points 1 year ago

What does this even prove? If I take out a mortgage to buy a house, the bank “technically owns” my house. Does this make me not middle class?