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Home ownership?

Question:
Why do so many people beleive they are home owners when they have a mortgage? as they do not own the house until the mortgage is paid off as it remains in the charge of the lender who can take it back if the mortgagee defaults so they dont really own it do they.?

Answer:
True good statement, thought of this many times!! How stupid are we eh, work all your life go without to pay your mortgage retire knackered! drop dead,leave it all to the kids to blow the lot on drink drugs and fast cars!! sorry the good ones will have a conservatory added on to their house, but that type will blow it all on foreign holidays!!