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points by bryanlarsen 1 day ago | 0 comments

> so actually getting access to the "wealth" is difficult

reverse mortgages are not hard to get

That doesn't actually get you access to the wealth, it gets you access to debt which is not the same thing.

They are fungible.

Cash is fungible. Living somewhere isn't. Debt is not liquidity, it's encumbrance. It carries strings and fees, in this case foreclosure risk. You're ignoring the entire human reality of housing.