All that to say you agree with the GP: homeowners, as a class, are wealthier than renters. How owner occupiers choose to spend their wealth has nothing to do with the fact they have it.
Farmers, for example, are often multimillionaires "on paper," but don't have a pot to piss in.
Owner-occupiers can and do refinance to turn their wealth into cash. It's routine.
So do you. I assume that you like to eat? Farmers are how that happens.
> refinance
Are you familiar with the downsides of refinancing?
Yes. Actual food, not government-subsidized high fructose corn syrup.
And I have enough knowledge on the matter to know who benefits most from such subsidies. It's not your "average joe" multimillionaire farmer.
Same thing for farmers.