67364, Tyro, KS

There is no one answer to the question of whether home equity or home prices are more important to a person's overall financial well-being. However, there are a few key factors to consider when making this decision.

First and foremost, it is important to understand that home equity is not just about the value of your home itself. It also includes any money you have put into your home, such as equity in your mortgage or HELOC (home equity loan). This means that even if your house is worth less than what you owe on it, you may still have a lot of equity in it.

Second, it's important to consider how long you plan on staying in your home. If you think that prices will continue to rise over the long term, then having more equity in your house may be more important than if you expect to move soon. Conversely, if you think that prices will eventually fall back down and you won't need as much equity for a down payment on another house, then having less equity may be better for you.

Third, it's important to factor in how likely it is that prices will go up or down over the long term. If you think that prices are likely to stay relatively stable for the next few years or so, then having less equity may not be as important to you. However, if prices are expected to go up significantly in the near future (within 3-5 years), then having more Equity may be a better idea for yourself.

Finally, remember that even if all three factors above point towards having more Equity rather than less Equity in your house - there could still be cases where buying outright would be better for yourself due to specific circumstances (such as needing access to cash quickly). In these cases consulting with an experienced real estate agent would be invaluable so they can help guide you through all of your options!