Acorn - had an incident with a relative who had his PPOR plus an investment property. Value back then was , for the two 600k.
Then hurt his back , protracted battle with insurance co , however we had organised a line of credit before the accident and he lived of the loc for 1 year. Had he not had that in place he would have been in a bad way. Admittedly his debt rose , no need to repay loc though , interest accrues , but as long as you are under the balance - all sweet. Today those combined properties are worth $1,500,000.
This is another factor keeping values where they are - these different cash vehicles allow you to have flexibilty and that in turn keeps the market stable.
