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I disagree with that article...home ownership is something everyone should strive for. The home equity line is a huge security blanket for living in today's economy. Thats an additional $100-200K line of credit that you'll always have access to.


I couple hundred grand in insured CDs would be a much better security blanket.


obviously...but what makes you think you'll be able to get that much, when most of your money is going towards rent? At least with home ownership, most of the money you pay, will go back in your pocket when you sell the house


If you can sell the house. In a down market, you might lose money, or like the article says: get stuck in a bad local job market.

The potential payoff from selling your home isn't "security", its counting your chickens before they've hatched.


> Thats an additional $100-200K line of credit that you'll always have access to.

Most people don't have $100k in equity these days.


HELOCs are one of the issues that got us into this mess.




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