> Because a housing crisis leads to skyrocketing home values. They benefit from increased housing prices.

That’s the point I’m trying to make. A home’s value is NOT liquid. You can’t extract any portion of it until you move. And you have to move AWAY to get that value.

The best you get is a relatively low interest HELOC but that’s hardly a money maker.

In fact a lot of people are stuck in their homes for that reason. Any move would be a 5x or 10x change in property tax bill.