If you have 500k house outright vs. 500k equity in 1M house then probably yes I imagine that is correct on average. But that is orthogonal. Both people in the

If you have 500k house outright vs. 500k equity in 1M house then probably yes I imagine that is correct on average. But that is orthogonal. Both people in the comparison have the home equity to begin with. How? Either they paid $500k from earnings or they got it a lot cheaper in the past. A lot cheaper in the past == inflation.