| Home equity is 60% currently. Bought in 2009. |
| Home equity 1M, net worth 1.7m. |
| Our net worth is $3.4m and our house worth $1.2m of which $1.05 is equity. So about one third. |
|
Primary home $1.7 M; $440 K mortgage
NW $11 M (including $400 K vacation home and $500 K rental, no mortgages) |
|
75%
Paid-off condo = $685,000 Total net worth = $910,000 Unlike others here, I don’t believe that low-interest debt is a gift from the gods. Not having a mortgage makes my life so easy and stress-free, despite the fact that I don’t have a super high income. My monthly expenses are under $3,000 so I have a huge margin of safety every month. Also, it allows me to live in a great condo in a great location, which is important to me. Travel, dining out, etc. are totally unimportant to me, so I have spent a lot (relatively) on the one thing that matters to me. |
|
NW $3.3mil, excludes house
House $950K Mortgage $1400 (large down payment) Home equity $780K |
|
2 houses, around $4m
Mortgage left on one of them $150k NW $12-13m So around 1/3. As we approach retirement we will downsize one of the houses (the DMV one) although not sure a condo will actually cost much less. |
| Equity is 35% of the NW. |
| What is the point of these posts? Does OP feel better or worse as they read responses? |
| NW $8M / Home $2M no mortgage, so 25% |
|
NW is $1.5M
Equity is $500K So 33% |
| 27% of $2.6MNW |
| 20% |
|
5%
|
| Equity around 900k. Mortgage left 875k. Net worth around 4.7 million. So about 19%. |