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Dog-faced pony soldier
Join Date: Feb 2004
Location: A Rock Surrounded by a Whole lot of Water
Posts: 34,187
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I suppose if I were 70 years old, retired with no dependents and a crapload of equity, it wouldn't be a bad idea. Especially when you consider that selling in this market is almost a guaranteed loser.
For the "zero equity" crowd (which includes almost everyone today) it doesn't apply. Probably better than a HELOC in most cases though.
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A car, a 911, a motorbike and a few surfboards
Black Cars Matter
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