You’ll often hear people talk about the benefits of ownership as it applies to owning vs. renting. You get some tax breaks, don’t have to worry about annoying landlords, and you probably won’t share a thin wall with undesirable neighbors.
However, for most people, home ownership isn’t really ownership in the true sense of the world. You’re really just buying a right to live in a home that you’ll eventually sell. Because of this, most people don’t treat their homes like they really own them. Instead, they make home “improvements” based on a combination of what they’d like improved and what would improve the value of the home when they eventually decide to sell it.
If this is the case, you don’t own your home. Your home owns you. Accept it.
There are times when you can tell when someone truly owns something. For example, here is a picture of the hood of my first car:
My brother, a friend Nate, and I bought that car (1964 Malibu?) from a neighbor for $100, and we OWNED it. Those trophies / hood ornaments were mounted onto the hood by drilling through it and screwing them on. Screw resale value. That’s ownership.
This isn’t to say that you have to destroy stuff to truly own it. But it’s nice to be able to know you have the option.
Things that I truly own in 2009 include my computer, bikes, skis, and car, but not house (in fact, I think the bank may own my entire home).
What items do you really own these days?