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- [Voiceover] So let's say in 1950, let me write this down, in 1950, there was a plot of land that the city owns and says, hey, you know what, we could use some revenue, or we would want someone to build a house. There's a housing shortage in this city. Let's sell it to someone who maybe might build a house on it. So you have the city, who is the original owner of this particular plot of land, and they transfer title of that plot of land to, let's say it's a developer who's going to be the first owner. So, they transfer title of that land to a developer. So, I'll just call them the developer right over here, and when they transfer title, they record that by filing a deed, so filing a deed with the county. And you sometimes file it with the city, sometimes with the county. So, this is at the county's office right over here. So, this is the county. We're going to assume that we filed these things with the county. All right, fair enough. Let's say the developer lives in that house for so...
