News for hackers. Stuff that matters.

A comment on In San Francisco, even $180k tech salaries are no longer enough. Parent comment

Re:In San Francisco, even $180k tech salaries are no longer ... by Infinitesimus on Monday June 29, 2026 @04:01PM (#48724366)
> I can't claim that value without rendering myself homeless.

HELOCs ( https://en.wikipedia.org/wiki/Home_equity_line_of_credit ) exist to solve the problem of cash being locked up in your house. You can take a line of credit using the property as collateral or other purchases.

[ Parent | on HN ]
Re:In San Francisco, even $180k tech salaries are no longer ... by beAbU on Monday June 29, 2026 @06:01PM (#48725869)
Assuming the mortgage is paid off!
[ Parent | on HN ]
Re:In San Francisco, even $180k tech salaries are no longer ... by Eddy_Viscosity2 on Monday June 29, 2026 @08:31PM (#48727129)
How does that help? If don't have enough cash now, then how will getting a loan that needs to be paid back with interest help with that. I will have cash for a little while, then I will have way way less as I have to make payments. Then I miss a few and they take my house and I'm homeless.
[ Parent | on HN ]
Re:In San Francisco, even $180k tech salaries are no longer ... by Volundr on Monday June 29, 2026 @09:17PM (#48727464)
Sure, it increases one's borrowing power and that can be useful. But "I can use it to go deeper into debt" is pretty limited utility compared to other kinds of wealth.
[ Parent | on HN ]