How can I change the name of my location reminders?

Location based reminders, why can't it display as "My House" or "Home" instead of "Matt's House"?

I set a location based reminder, "Remind me to take out the trash when i get home"

It will Confirm as "I Will Remind you to take out the trash when you get to Matt's Home".......

[Re-Titled by Moderator]