I've seen people here say "If you take out a mortgage or a loan on something, you're not buying it." I'm probably not understanding what they mean by this.
For example, I bought (or thought I bought) a house by putting some money down and borrowing the rest (a mortgage). Eventually I paid it off. Just before the last payment was made, was I still "not buying" that house? But then the day after that last payment was made, had I bought the house at that point?
And how do property taxes mean not owning it? I rent that house out now, so the current tenants pay me rent, and I'm paying a much lower amount in property taxes to the city. Who actually owns the house if not me? If I sell the house, I get the money -- not the city and not the current tenants. So it kind of *feels* like ownership. How is it not?