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Reply to "FYI: Don't include home equity in net worth"
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[quote=Anonymous][quote=Anonymous]I don’t count the home we need to have a roof over our heads but equity in other real estate absolutely counts. We have three homes - the one I don’t count in NW is the one we will live in when we retire. [/quote] But that roof over your head is part of your net worth by the Definition of net worth "total assets minus total liabilities". If you needed to, you could sell your home get the equity and use it for something else (and live in a rental). The fact is while it's not easily/smartly accessible money it is still part of your net worth. [/quote]
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