If you have a sudden $1000 expense, you can't magically sell your house to pay it off next week. Also if you sell your house, what are you going to do then? L

If you have a sudden $1000 expense, you can't magically sell your house to pay it off next week. Also if you sell your house, what are you going to do then? Live on the street with all your belongings in shopping carts? Magically find another job paying the same amount somewhere cheaper? Home equity is not liquid. It's locked up. There's a reason finance distinguishes between liquid and fixed assets - they are different classes with different dynamics.