The problem with America’s high homeownership rate

GiddyGap@lemm.ee to News@lemmy.world – -5 points –
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Yeah they do. Home equity is a powerful tool.

How do you mean "a powerful tool"? Tool for what?

Collateral, mainly

Oh like a security for further borrowing? Could be.

HELOC loans are a big one

Also reverse mortgage can serve as a supplement or even substitute to retirement savings

It's a financial tool that you can utilize