So many people didn't plan for the ultimate goal (of a Home). The ultimate goal in my opinion is to pay off your house. Pay off your house before you retire so you can retire well.
So many people used their house for a bank. They used their house to pay for vacations, cars, credit cards. Instead of saving money to pay for college, weddings, or housing updates many people just kept taking out new mortgages for more money or taking out home equity loans. They are learning the hard way right now. So take the lessons they learned the hard way.
DONT' DO IT. DON'T USE YOUR HOUSE AS A BANK. There are going to be so many people that won't have a house in their retirement years. They won't be able to afford it. They will be renting an apartment. They will be looking for the cheapest place they can live.
Plan to live well in your retirement. Don't spend your future. The key is to live within your means. Ask anybody that has their house paid off how good it feels not to have a house payment.
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