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Money and Finances
Reply to "FYI: Don't include home equity in net worth"
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[quote=Anonymous]The notion that home equity is null for “financial planning purposes” may have a shred of truth. For example, if your financial plan requires that you have no mortgage, then you can’t easily access the equity without changing the financial plan. Of course, that doesn’t change the fact that home equity is an asset and that financial plans can be changed (for example, downsize the house and liberate the equity or do a reverse mortgage). [/quote]
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