Canada

What if you have already “borrowed against it” and the thing you bought is the house itself? You know, a mortgage. How is a regular family with a mortgage not middle class?

Any age considerations here? 50+ year olds with no pension whose entire net worth is tied up in their home are not middle class?

A retired couple that have a reverse mortgage on their home to supplement their insufficient income are not middle class?

Honestly, even a regular person that busted their ass to pay off their house and who eventually bought a run-down property that they poured all their free time for years to fix up and rent out is not suddenly a member of the 1%.

You know what, I “own” the house my 4 kids call home. I owe pretty close to what it is worth and I can barely afford anything else with mortgage rates where they are ( certainly more than rent would be ). It needs some repairs that are going to force me to borrow from somewhere. I work two jobs ( decent ones ) trying to keep it all going. If I lose the house, I will end up with a net worth lower than a homeless person. And I have dipshits on the Internet lashing out at my wealth and privilege. For the love of God, who are you people?