So when Jesus died and rose, we were bought with a price. So we are owned by God as slaves. And yet, Paul also describes us in Romans 8 as no longer operating under a spirit of fear as slaves would, but in a Spirit of Sonship. The dynamic is not identical to a typical 1st Century slave-owner fear and domination relationship. So not all aspects of the metaphor apply.
And yet, we are owned by God. His slaves.
This is as true as our intimacy with God.