Working as intended.

We will own. Not you.

What are the laws around renters eviction vs. housing eviction? Might be that it could cost a bank years of lawyers to get the money back on a house, but your junk can be all on the street and a new tenet in your apartment with a quick call to the cops about back due rent.

It's even more obscene when you realize that part of that 1600 you are paying yourself. The interest is the only bit you lose, the rest is equity you own instead of the bank now. Equity that you can then use to get more money from the bank.

Whereas the rent is likely being used so that your landlord can pay themselves part of their mortgage and maybe keep some more on top of that.