What percent of your net worth is in real estate?
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Anonymous
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We are considering purchasing a second home in New England for both our use and for short term rental income. We found a beautiful house that is a bit more than we wanted to spend but it is pristine and direct waterfront. Not a fantastic neighborhood but it is turning gradually as homes get updated and or torn down. One concern is that this house will be one of the most expensive in the neighborhood
Currently our home is about 11 percent of our net worth. Purchasing this home will put us at 31 percent. Paying cash for the home is definitely the way to go, but it makes me a bit anxious seeing our liquid investments shrink by so much. Welcome any thoughts. |
Anonymous
| We're at 25% and we're fine with that. Because we also get to live in it. |
Anonymous
| It makes a big difference if your net worth is $200,000 or $40 Million. There’s more cushion for daily living expenses if your net worth is higher. |
Anonymous
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10%? We have a stock market portfolio and just the one small house.
What matters, OP, is whether you believe your source of income to be stable or not. |
Anonymous
| 30% |
Anonymous
| At this point, we have 3 houses -- a small weekend house on the Shenandoah River, the house we live in in Occoquan, and a house we used to live in in FCC that we rent out. Adding up our equity in all of them ... I'd say probably about 1/3 of our net worth is in this real estate. We weren't really planning on this, but given everything that is going on, I don't hate having $ in real property. |
Anonymous
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0%. All in stock market and crypto after selling three properties. I should inherit several homes, but not buying any time soon.
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Anonymous
| For most people, their house is more than 100% of their net worth. |
Anonymous
| 20% for us between our primary and vacation homes. |
Anonymous
| 60% |
Anonymous
| 20% no mortgage |
Anonymous
| I wouldn’t want my cash tied up in a second home in New England |
Anonymous
| 40 % but it is paid off. I'm fine with this. |
Anonymous
| My net worth is ~$15M, net real estate asset value around ~5M. You do the math. |
Anonymous
| 90% over 10 million |