Comment by jen20
2 days ago
> if you owned a house for the last 20 years, are now richer than ever due to that property appreciating.
Only if you sell it, and move somewhere with a much lower cost of housing.
2 days ago
> if you owned a house for the last 20 years, are now richer than ever due to that property appreciating.
Only if you sell it, and move somewhere with a much lower cost of housing.
If there is a spare bedroom in your HCOL location, renting that out lets you get some incoming cash flow without having to move away to a LCOL location.
You don't get "rich" from renting out a spare bedroom.
HELOC and never pay it off until you die