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Do You Really Own Your Home?
Why your house is a liability more than an investment and the ancient origins of property taxes you probably didn’t know.
Pablo Ottenwalder
November 02, 2025
Words I like: Discernment- The ability to tell the difference between right and wrong, truth and lies, or what’s real and fake.
Pablo’s Perspective:
People love to flex that they own a home.
But here’s the truth:
If you stop paying your mortgage, the bank takes it. (30 YEARS)
If you stop paying property taxes, the government takes it. (FOREVER)
So, do you really own it or are you just renting from the government with extra steps?
Now, I know that’s not technically 100% accurate but it does make you think. Especially for me, since my parents come from a third-world country where once you buy a house, it’s yours forever no property taxes. Then again, over there the government can cut your power or water anytime, so… I guess it’s just a different version of the same game.
After watching the video I made on this a lot of people thought I was anti–real estate…
But that’s not the case. What I was saying is that buying a house is a liability it costs money to maintain.
Buying investment property or stocks is an asset it actually makes you money.
The smart move is to buy investment properties and let that cash flow pay for your mortgage.
Because when you only buy a home to live in, it’s not really an investment it’s just a forced savings account at best.
If you’d like to watch the full video click the link below!
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Did you know? 💡
Property taxes go all the way back to ancient Egypt, around 3000 B.C.
Pharaohs taxed farmers based on how much land and crops they had — officials would literally measure the Nile’s flood levels to estimate how much grain each farmer could produce and tax them accordingly.
Later, the Romans expanded the idea, taxing land, livestock, and buildings to fund their massive empire — roads, armies, and public works were all paid through early versions of property tax.
-Pablo