It also only refers to ownership, not borrowing, and both are equally important.
Beyond that, what I'm saying is something more meta: It doesn't really matter if this analogy is spot-on or not; it's got enough wiggle room in it that I've seen it trip up beginners. Maybe that's because they misunderstand the analogy, but given that its point is to convey understanding, that means that it isn't a great analogy, in my experience. YMMV.
1: directly, of course; this also depends on the language.