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[Thorserb2]

Hey Pete...let me clarify. When I say you have no equity growth, this is what I mean. There's only 2 ways for your equity to grow in a home:

1. Paying down your mortgage
2. Your home appreciates.

If for some reason (follow me on this) I bought a house and it didn't appreciate at all over 30 years and I finally paid off my 30 year mortgage, in that 30 years, how much did I make on the house? Well on average if I paid $100K for a house, I would have paid $240K in payments over that 30 years. So if that house never appreciated, I didn't make anything.

My point is, that the amount one pays down on their equity has no bearing on appreciation, and appreciation is all that matters when it comes to a home. Home equity has a 0% growth rate. A homes appreciation is dependant on the area.

If people are concerned that their home value will go down, they bought in the wrong place.

Am I leveraging? Or am I just doing what the bank already does to me? Most people could pay their same payment and pay off a home in 12 to 18 years, with their same bank!! AND AT LESS RISK!! The finance game is changing and people need to realize it. Cramer wouldn't have to rant and rave all over YouTube because we need the Fed to cut rates. (wow, I sound like I'm preaching...lol...sorry folks)