Those with a mortgage technically own their own home becaue the benefit from appreciation; not the money lender.
IMO, you are splitting hairs here.
32% rent so the balance own of which some have loans.
Have a look at the video link re money/debt & the recent release of US banks from fractional lending.
This should be of concern to us down here because the majority ownership of our Big 4 is foreign
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- Charles Hugh Smith article on MMT (Modern Monetary Theory)
Charles Hugh Smith article on MMT (Modern Monetary Theory), page-43
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