The best analogy is that you have paid off your $1million dollar...

  1. 165 Posts.
    The best analogy is that you have paid off your $1million dollar house and don;t own a cent but still have it registered with the bank for some reason. They go bust and still take your house (according to the Opes model).

    In reality property mortgages are not affected by banks going bust as you retain full title.
 
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