Why would you not count your house in net worth calculation?

[Anonymous]

That's why it's called net worth and not net liquid.

[Anonymous]

According to Forbes ur net worth is everything but your residence. That's how they determine millionaires they exclude ur primary residence

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It still counts to net worth.

Assets minus liabilities.

This.

+1. Until you own it outright, the value isn't yours. Even then market value is unstable.

That doesn't make it any less of an asset. My stocks also shift in value, but they still have value.

[Anonymous]

The equity in your home is part of your net worth - http://www.investopedia.com/terms/n/networth.asp

It's also liquid via a home equity loan.