GiddyGap@lemm.ee to

News@lemmy.world · 1 year ago

The problem with America’s high homeownership rate

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The problem with America’s high homeownership rate

GiddyGap@lemm.ee to

News@lemmy.world · 1 year ago

Just a moment...

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Cryophilia@lemmy.world
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1 year ago
Yeah they do. Home equity is a powerful tool.
- roastpotatothief@lemmy.ml
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  1 year ago
  How do you mean “a powerful tool”? Tool for what?
  - Cryophilia@lemmy.world
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    1 year ago
    Collateral, mainly
    - roastpotatothief@lemmy.ml
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      1 year ago
      Oh like a security for further borrowing? Could be.
      - Cryophilia@lemmy.world
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        1 year ago
        HELOC loans are a big one
        
        Also reverse mortgage can serve as a supplement or even substitute to retirement savings
        
        It’s a financial tool that you can utilize

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