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re: Excluding home equity, the median 40-44 year old has a net worth of just $58,000
Posted on 1/8/24 at 7:38 pm to stout
Posted on 1/8/24 at 7:38 pm to stout
quote:
Then what?
There are countless things you can do with a Heloc as once you draw down on it, it is literally money which I am sure you are aware.
1
Posted on 1/8/24 at 7:43 pm to PhiTiger1764
quote:
There are countless things you can do with a Heloc as once you draw down on it, it is literally money which I am sure you are aware.
I understand that and get what you are trying to get at. Yes equity can be accessed but you still have to pay it back or you are homeless.
My point is two things.
1. People don't save money
2. You should not be overly reliant on your home equity for many reasons. I listed a few already. There are more.
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