Quote:
Originally Posted by OkieSnuffBox
Quote:
Originally Posted by XutvJet
You own it, you're just being an idiot and risk potential foreclosure and the property being sold at auction at which you get the remainder after fees, interest, etc. That's a pretty rare thing to happen too, BTW. Same stuff could happen with your car, your boat, etc.
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I think you're missing what I'm getting at. If you have to pay taxes on something to keep it, do you really own it? |
If you can do with it what you like, and sell it at your own discretion/price, then: Yes, you own it.