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For the members talking about pulling money out of the home or that homeowners have so much equity, etc.
We do realize that taking money out isn't like selling stocks right? If you take equity out of your house, you're taking a loan out. We all understand that right?
It's not free money. It's different if you sell the house, yeah you have a huge gain. But, we're talking about regular working class people with only one house.
How are we supposed to think them taking out a $100k HELOC is not a big deal? They have to pay that back.
Am I missing something here?
Equity in a home doesn't mean anything until you sell. And if you're not selling, how is that fair to expect regular working class people to take a loan just to fund some government BS?
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