Okay I don’t have friends to ask…, but I have relatives and a lot of my parents’ friend circle and a lot of them apparantly own their homes… and apparantly there are a few that even own rental properties…
(USA, their social circle varies from Seattle, Boston, NYC, and Philly)
I’m with my parents and they own this house…
My parents never got a mortgage…
They sort of borrowed money from a friend that immigrated earlier and already established here and somehow was able to afford a house in Brooklyn, NYC.
Parents somehow accumulated enough from going around borrowinf money, plus their own savings, to buy a Philly home approximately at $100K in cash…
Of course they have to work overtime to repay those debts back to those friends and relatives they borrowed from…
Kinda like a “mutual aid” network… sort of… lol…
Eh, I’ll still count it. Even if it’s not a formal “mortgage” from a bank, it’s still a loan to buy a house.