News for hackers. Stuff that matters.

A comment on The 30-Year Mortgage Is an Intrinsically Toxic Product (2018). Parent comment

Re:The 30-Year Mortgage Is an Intrinsically Toxic Product (2... by yuppie_scum on Saturday July 22, 2023 @04:52AM (#36824579)
Yeah, it turns out you need to put something on the line to have a huge reward.

To me, home equity is a game changer for this discussion. the ability to open a HELOC and have access to a massive amount of capital is a gateway to real wealth thru various investment vehicles - not the least of which is investing in further real estate.. which will accumulate more equity itself etc..

[ Parent | on HN ]
Re:The 30-Year Mortgage Is an Intrinsically Toxic Product (2... by BiteCode_dev on Saturday July 22, 2023 @05:08AM (#36824660)
As I said in the other comment not that huge compared to alternatives with much less troubles:

https://news.ycombinator.com/item?id=36823558

[ Parent | on HN ]