> Not even mentioning that, in case of extreme need, you'll be able to sell it.
Wasn't that the thinking behind last bubble?
The risk here is your extreme need coinciding with other people's extreme needs (economic downturn, neighborhood deterioration, loss of a major area employer, etc.) at which point you and hundreds others try to sell with no one to buy, and property prices quickly falling further than outstanding payoff quote on the mortgage.
Wasn't that the thinking behind last bubble?
The risk here is your extreme need coinciding with other people's extreme needs (economic downturn, neighborhood deterioration, loss of a major area employer, etc.) at which point you and hundreds others try to sell with no one to buy, and property prices quickly falling further than outstanding payoff quote on the mortgage.