mortgage: the death pledge

this barter thing is all well and good, but at the end of the day, who’s going to pay the mortgage?!!

me (and no one before the year 1930*)

i looked up the etymology of mortgage. the chart on google is amusing. i see about five references to ‘death’ (the mort- part) and one to ‘pledge’ (the -gage part).

awesome. now i know that the real meaning of my biggest monthly expense is a pledge to carry out until i am dead.[1] i can see now why natives of this land never considered land an ownable thing. they just borrowed time on it.

borrowing time on land – that is truly the only way we should be viewing it. should we really be so audacious to believe that by scribbling our signature on some papers that we now own a segment of earth? no, this is another game of men. it’s a problem that arose out of creating borders so we could say, ‘this is mine … you stay over there … that is yours.’ it is because of a handful of greedy, distrustful, warring, classist ancients who drew imaginary lines on maps that we find ourselves further subdividing these parcels. and now we accept this death pledge as a matter of course.

my friends, a mortgage or rent is the biggest expense for most of us; to continue to ignore the problem is sheer insanity. let’s figure this out.

i can see why everyone wants to live on an island …

… get it? i – land?

i know … it’s not funny.

Photo by Bence Balla-Schottner on Unsplash

* the concept has been around longer but 1930 was when the modern american mortgage took off
[1] to be fair, they say the reason for the name is that the pledge (to repay the loan) is dead once repaid.

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