Kim, your thoughts are "different" to this gentleman's but they are not necessarily "better". What is the difference in ages?
The term "lazy equity" worries me as it is used on SS and this chap sees his equity as his wealth, he owns that house. I only have a small LOC on my house (enough to keep it open) but I would react violently if you said I had "lazy equity". I have a buffer and some savings. At least that's how I see it.
The term "lazy equity" worries me as it is used on SS and this chap sees his equity as his wealth, he owns that house. I only have a small LOC on my house (enough to keep it open) but I would react violently if you said I had "lazy equity". I have a buffer and some savings. At least that's how I see it.