What %age of your total assets is your home value?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We seem to be way out of balance.

Net worth is $2.6 and about $1M of that is our home equity.

About 38%

Depends on age. You must be quote young. As you get older, RE will become a lower percentage of your overall NW.

Not necessarily. As we paid off our mortgage RE became a more significant part of our NW, and when we bought a second (non investment) house it jumped again. So while our cash/investments has increased, so has our home equity.

That's a choice you made. The second home is an investment, not 'home equity'.

Home equity is the difference between the value of the house and the mortgage. Doesn't matter if it is your 1st home or your 4th home.

[Anonymous]

Equity in house $1.1M ($1M remaining mortgage)

Other assets $3.5M

Total Net worth: $4.5M

Home equity = 24% of NW

[Anonymous]

Anonymous wrote:What is the point of these posts? Does OP feel better or worse as they read responses?

This is such a great question. I assume the post is intended to reassure the poster that he’s keeping up?

[Anonymous]

Total assets $5.8m after reducing 401k to account for taxes
Estimated house value $1.3m after accounting for fees and Cap Gains
Mortgage= $0.

Retirement date : 12/31/24

[Anonymous]

i have no idea what my assets are. it fluctuates hourly. My home is approximately worth 1.1M, with a remaining mortgage balance of 198k

[Anonymous]

Assets $3.6M / home value $1.3M / mortgage $589k

[Anonymous]

Our home is worth about 10% of our net worth. No mortgage.

[Anonymous]

Mid 40s.

Total NW is about $2.7 mil, about $860K of that is home equity. So about 38%.

[Anonymous]

Mid 40’s, HH nw exclusive of trusts is 3m-ish, house is $750k, no mortgage. So 25%.
This is in DC and we are going to move “for the schools” or pay for private school, if that helps as context.

[Anonymous]

Between 15 and 20%. $2M mortgage left, but the value has increased more than that since we purchased it.

[Anonymous]

A bit of a tangent, but how are all the PPs determining their "home value?" In this housing environment, I have absolutely no idea what our house is worth. Or more accurately, I see what comps are going for and I can't believe the numbers I'm seeing, and have a hard time using those numbers in our calculations. But apparently, if they are accurate I am under-calculating our net worth by $400k-$500k

[Anonymous]

Home value is 850k. Have about 250k left on mortgage. Our assets aside from house are roughly 500k.

[Anonymous]

Anonymous wrote:Total assets $5.8m after reducing 401k to account for taxes
Estimated house value $1.3m after accounting for fees and Cap Gains
Mortgage= $0.

Retirement date : 12/31/24

Congrats!!!!

[Anonymous]

Anonymous wrote:A bit of a tangent, but how are all the PPs determining their "home value?" In this housing environment, I have absolutely no idea what our house is worth. Or more accurately, I see what comps are going for and I can't believe the numbers I'm seeing, and have a hard time using those numbers in our calculations. But apparently, if they are accurate I am under-calculating our net worth by $400k-$500k

Zillow and such are fairly accurate. Home value and recently sold price are very similar near me.

[Anonymous]

Home equity is about one fifth of my net worth. Retired, no mortgage, mid 6-figure pension and investment income.