KID: How can you lose a house?
PARENT: What?
KID: How can you lose something as big as a house?
PARENT: No, you can’t really lose a house. When people say that they don’t mean “lose” like when you lose your shoes or a DVD case, they mean they’re going to have to give the house back to the bank.
KID: Why does the bank get it?
PARENT: Well… when people buy a house, they go to a bank and borrow the money they need to pay for it.
KID: Oh.
PARENT: So even though they live in the house, it’s technically “owned” by the bank until they pay the money back.
KID: Did we borrow money to pay for our house?
PARENT: Yes.
KID: So then it’s technically “owned” by the bank, too, until we pay them back?
PARENT: It is.
KID: Awesome. Do we have any orange paint?
PARENT: Why?
KID: ‘cause even though Mom won’t let me paint my room orange, I bet the bank would since that’s one of their colors.