NOYB wrote:
Here's another way to look at it:

Suppose you live in a million dollar home, but have zero equity in that home
(ie--you owe 1 million dollars). In 30 years, that home is worth $4
million, and you owe still owe $1 million on it (ie--you had an
interest-only loan). You have $3 million in equity on the home. You decide
to take out $2 million of that equity, and put it in an investment that pays
a rate equal to what the monthly payment would be on the loan (ie--you end
up with a net monthly outlay of cash of zero). You can then use the $2
million to live on.

The problem here is that you've already made payments on that
interest-only loan that far far exceed your imaginary equity.

Untill you sell it an pocket the cash, equity is nothing but a bubble.
just like the stock market.

BTW back in the late 1990s, there were plenty of articles in newspapers
& investment magazines about how the stock market could never possibly
go down.

I'm still wishing you luck, NOBBY, apparently you have no clue you need it.

DSK