* Other investments may outperform home equity, even taking into account imputed rent, especially if homes are sustainably affordable (read: have no return). *

* Other investments may outperform home equity, even taking into account imputed rent, especially if homes are sustainably affordable (read: have no return). * Other investments may be less correlated with your earning potential. * Risk of being underwater. * Risk of an expensive, unexpected maintenance or repair item. * Chores you are no longer paying for, you have to do yourself.