Quote:Even if an NFL franchise triples in value under an owner, it's not like they realize that gain until they actually sell it. Think of it like owning a home on a much larger scale. If you have 500K equity in your home, it really doesn't help you until you decide to sell.

 

Khan likes being an owner too much to sell.

 

Have you ever heard of Reverse Mortgage or Line of Credit ??

 

We established a significant line of credit off of our equity that allows us to make other investments or complete renovations.

 

Reverse mortgage --- bank draws a fixed monthly $$ from your equity and pays you according to the agreement that you execute.  This allows older people to enjoy the equity $$ they established and not necessarily have to move out of their house to spend.

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