No. I'm telling you that it has nothing to do with whether they can retire or not. I'm telling you that it is not "underwater" if it's paid off. Of course it sucks to own something at twice the price it's worth. But it has no bearing on putting the person in the poor house unless they are counting on that equity, like a reverse mortgage. It also has no bearing until a person sells. Until then it means nothing to a person's day to day financing. Anyone who is using their home value to finance their retirement (outside of a catastrophic illness or some other event), or plans to, got some seriously bad financial advice.
You are the one who said this:
Nope. Once again you can not debate facts or respond to my questions with anything coherent, so you resort to attacks and insist on making it personal. Fine with me. I never got anything handed to me except a college education with no student loans to pay off, and free room and board during my flight instructing days. That's it. Everything else was self made. I drove my 2 previous cars for 9 and 12 years respectively and saved every penny while living well below my means. Now I buy all my cars in cash, wise guy. It's called delayed gratification. Funny how quick you are to use the silver spoon name when you know so little. Nothing cavalier about it. Not when your wife is an accountant/auditor for the SEC. Nothing like good financial advice as opposed to the kind many pilots follow.
If home equity means everything to you, you really should seek professional financial advice. Regardless, your assumptions are off as I've proven in my previous posts, and you have failed to rebut. You didn't start this conversation talking about your airline failing or having to sell your home. Your attempted jab specifically referred to retirement. It is on that where my comments are dead on accurate. I even said that equity means nothing UNLESS YOU HAVE TO SELL. Typical easty... you get caught making a false grand statement, and when called to explain you change the subject and start calling names. Thanks for proving me right.