Do you mean same characteristics as in they’re both loans? Are you saying there are a lot of 2% HELOCs floating around out there? (please don’t answer that, it’s rhetorical)
You keep tweaking your examples until they sound pretty good, so sure if I could borrow money for about 2% and count on a 10% return elsewhere, I’d do it.
But to take it back to what you originally stated, no, I don’t think it’s a good idea to borrow money to earn marginal interest. So yeah, I guess you understand me.
What about this poor guy and his 100% loan, do you think he should do that? (and please, don’t tell me about 2003…)