this post was submitted on 20 Nov 2023
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[–] rab@lemmy.ca 1 points 10 months ago (1 children)

Yeah you can, you can leverage your equity to buy basically anything. Another house for instance...

[–] Aux@lemmy.world -1 points 10 months ago (1 children)

If you leverage your equity to buy bread, you'll be homeless very soon.

[–] rab@lemmy.ca 1 points 10 months ago (1 children)

Not if your equity is always increasing

[–] Aux@lemmy.world -2 points 10 months ago (1 children)

It doesn't increase out of thin air.

[–] rab@lemmy.ca 1 points 10 months ago (1 children)
[–] Aux@lemmy.world 0 points 10 months ago

You're confusing house price with equity.