Home equity line of credit = good investment?

Financial Planning - Financial planning in general. (Moderated) 

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Subject Author Date Home equity line of credit = good investment? hartman 03-03-2007
Posted by hartman on March 3, 2007, 3:20 pm It says in this article on home equity line of credit http://www.credit-card-reports.com/home-equity-line-of-credit.html that, "A 2005 study done by Harvard University shows that more than 80% of people over the age of 65 in USA own their own homes worth a total combined net worth of $3.95 Trillion. This $3.95 Trillion is almost 1/3rd of all Senior's wealth in America. Home equity lines of credit allowed these seniors to own multile properties, as well as create additional monthly incomes. " how does a home equity line of credit allow them to own multiple properties? it is coz of low interest on 2nd mortgages? or no interest? also, how does it help them make additional monthly incomes? Similar Threads Posted Home equity loan September 30, 2007, 7:06 pm Mortgage or Equity loan from home own outright January 10, 2008, 3:25 pm Vehicle Loan vs Home Equity Loan April 23, 2007, 1:35 pm 1.2 trillion line item on federal reserve report July 24, 2007, 1:22 pm Highlighting Excessive Fees on Retirement Bottom Line - Book & Mystery November 17, 2007, 1:32 pm Equity Premium January 1, 2007, 6:02 am Equity returns since 12/31/1999 April 18, 2007, 2:17 pm Large percent changes on stockholders equity section of 10K November 11, 2008, 5:04 am FROM THE MODERATORS: Both Moderators off-line December 10, 2007, 5:04 pm Great book on Equity Risk Premium: Goetzmann and Ibbotson November 28, 2006, 1:02 pm