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b_b  ·  3222 days ago  ·  link  ·    ·  parent  ·  post: Wall Street Veterans Bet on Low-Income Home Buyers

    If the economy takes a shit when it's amenable to me, I'll likely buy another house, not sell this one.

It's a good point, and one I've also considered. I don't really need an equity cashout, and I also generally like where I live. I have a cousin who is some C-suite occupier of a finance firm, and he once told me that one should never look at their primary residence as an ATM. I agree with him in principle, but goddam is it ever tempting to make a quick buck when possible (of course he was also talking about cash-out refi, but I think the same rule basically applies here).

The rental market here is high by our standards, but by west coast standards it's laughably low, I'm sure. Anyway moving sucks, and selling a house sucks, and I won't do either for less than what I consider to be a lot of money at this point in my life.