Is the "SSOYA" Program Truly Appropriate for These Times?

Today, I received an email from a Florida financial advisor. Here were his questions:

"IS YOUR "SSOYA" PROGRAM TRULY APPROPRIATE FOR THESE TIMES?"

As awed as I am by the brilliant approach you have taken to maximizing home equity to produce future significant tax-free income by clever application of the proceeds of increased mortgage debt, I cannot help but wonder (1) if such debt can readily be created by approaching lenders in a current market already overcome with delinquency and home foreclosures that continue to grow; and (2) whether this is a time to consider debt reduction as a better alternative?

No matter how easily the plan can be (to put into place) in normal circumstances, why should today's prospects be thrilled to implement it when their future now seems so uncertain?"

Here was my response to this concerned advisor: