On thinking about the “world got weird because of AI but we are all alive” scenario, I would consider withdrawing from savings to finish paying for the house.
If AI causes something to go terribly wrong on financial systems(lets supose, all banking systems are now easy to hack with AI or something with similar consequences) seems good to not have to prove in legal battles that you actually pais for that % of your own house.
Also, thanks for sharing, I always admired you two very much!
I would be pretty surprised if things failed in that particular way? We do legally own the entire house, and that wouldn’t be in dispute. Having money left on the mortgage means that we owe money to the bank, secured by the house. In most kinds of kind of disaster, if ownership becomes unclear, I expect it to be primarily resolved by possession.
I think things are unlikely to fall apart in this particular way, but to the extent that they do, I think it mostly argues for renting over owning, over being an absentee landlord.
On thinking about the “world got weird because of AI but we are all alive” scenario, I would consider withdrawing from savings to finish paying for the house.
If AI causes something to go terribly wrong on financial systems(lets supose, all banking systems are now easy to hack with AI or something with similar consequences) seems good to not have to prove in legal battles that you actually pais for that % of your own house.
Also, thanks for sharing, I always admired you two very much!
I would be pretty surprised if things failed in that particular way? We do legally own the entire house, and that wouldn’t be in dispute. Having money left on the mortgage means that we owe money to the bank, secured by the house. In most kinds of kind of disaster, if ownership becomes unclear, I expect it to be primarily resolved by possession.
I think things are unlikely to fall apart in this particular way, but to the extent that they do, I think it mostly argues for renting over owning, over being an absentee landlord.
I see now. Here in Brazil it works differently. You only own the house after paying full for the bank, before that the bank is the proprietary.