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A comment on Launch HN: Homestead (YC W20) – Lot-splitting to build new housing supply. Parent comment

Re:Launch HN: Homestead (YC W20) – Lot-splitting to build ne... by nrmitchi on Friday January 07, 2022 @03:57PM (#29844703)
> they do not have the income to utilize it as cash

I take it by this you're specifically targeting individuals who can't qualify for a HELOC or other (very common) methods of accessing home equity?

I assume you have data to suggest that "most people" with SB-9 eligible lots are incapable of opening a heloc?

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Re:Launch HN: Homestead (YC W20) – Lot-splitting to build ne... by celestialcheese on Friday January 07, 2022 @04:01PM (#29844757)
Can't pay off your house with a HELOC.

If your goal is to pay for college or buy a boat, HELOCs can be great.

This is super appealing to me because its a path I hadn't considered to becoming debt free with your primary residence, which is a large goal for many people, including myself.

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Re:Launch HN: Homestead (YC W20) – Lot-splitting to build ne... by nrmitchi on Friday January 07, 2022 @04:17PM (#29844954)
That's a bit of a goal-post-moving response. The statement I responded to was that people can't "use their equity as cash". Saying that you can't use a heloc to pay off your home is *true*, but not really related to using equity as cash.
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