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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 lazide on Friday January 07, 2022 @07:24PM (#29847021)
That value increase is theoretical, not cash in the bank.

People sometimes need cash in the bank.

Sometimes theoretical is fine.

And since it takes awhile for a buyer to turn the theoretical value into cash (and risk, and work), the theoretical value is also going to be lower than you might think.

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Re:Launch HN: Homestead (YC W20) – Lot-splitting to build ne... by linuxdude314 on Friday January 07, 2022 @08:07PM (#29847418)
If the value increases the owner should be able to tap into that equity by doing a cash-out refinance.
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Re:Launch HN: Homestead (YC W20) – Lot-splitting to build ne... by lazide on Friday January 07, 2022 @11:11PM (#29848552)
Not if they don't have income.

They could do a reverse mortgage, but a lot of people are adverse to those for their own reasons.

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Re:Launch HN: Homestead (YC W20) – Lot-splitting to build ne... by halpert on Friday January 07, 2022 @10:30PM (#29848348)
Or just selling their home.
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