Money Myths: You don’t own your house, the bank does! Money Tips, Tricks & Tactics #16 In today’s video we discuss the money myth, You don’t own your house, the bank does! Is it true? Or just made up? Well in reality, there are a number of people who live in homes, some people rent, some people own their home outright, some people own their property with a mortgage, some people are in social housing and much more. So it really depends, but the issue is mainly to do with the fact that your house is a home, not an investment, so treat it like this, then focus on acquiring a house that can pay you, not the other way around. So what do you reckon, is it true or false?