Okay so to be clear here the morbid meaning people are taking from this isn't what was intended A mortgage being a "dead pledge" is supposed to be a good thing -- it's *better* to have a dead pledge than a living pledge, it means you're the real owner of the landhttps://twitter.com/MerriamWebster/status/1380942587134156804 …
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As opposed to a mortgage where you HAVE BOUGHT a house, the title to the house is yours, and now you owe the bank money Legally, it is a very different situation and this difference can have serious consequences
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(By this ancient definition, a lot of "mortgages" on homes blur the line between a dead and living pledge, like the fad for a while to offer ARMs with an introductory teaser rate and then continually refi You know, the thing that collapsed the whole US economy)
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