Well Known Member
I understand your point and nothing wrong with simplifying things. This issue makes more sense to me if we simplify even further. If you buy an existing home or condo, mortgage or not, you can legitimately be called an owner or a homeowner. If you buy an architectural rendering of a proposed home or condo, mortgage or not, you are NOT an owner or a homeowner. At that point you would be considered a real estate investor. If your rendering is built and becomes a real and completed structure, you are then and only then an owner or a homeowner. Investing in real estate in the architectural rendering proposal stage comes with very high risk. Many have lost their life savings. Thus the saying often quoted on here, “Give me the keys to the front door and the deed or bank trust and I’ll give you the money.” Quite simple.I suppose people could get upset on this one. But I do not see the big deal. So the reference to owners is not perfect in the opinion of some. Ok, people would say I own my house. But I have a mortgage. That is inaccurate but a fair reference. I'm pretty sure most would believe that owners do not own, they are buyers who have purchased. I do not get the big deal. I do not get the sense that it was purposefully misrepresenting a fact. Everyone probably gets the idea. Perhaps I am oversimplifying.