This piece is part of my 2016–2026 archive migration. Some original formatting, content, and external links may be missing, changed, or not be optimized.
Homeownership is complicated
If you’re like many, you might be a faux homeowner. A faux homeowner maintains a mortgage and believes they own their home. But the home is not there until they pay their mortgage, usually after 30 or more years.
This fact does not make you a millionaire if you have a mortgage for a piece of property worth a million dollars.
The only way your home would make you a millionaire is if your home value minute your mortgage sells for an amount that will put you at the million dollar mark.
This content is for informational purposes only — not professional advice. Consult a qualified professional before making any major decisions.