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Money and Finances
Reply to "FYI: Don't include home equity in net worth"
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[quote=Anonymous]That doesn't make any sense. You need a place to live. If you bought and build equity, some day you WILL make money selling your house. Obviously the amount is not fully clear, but with a house I bought for 450k and have 350k in equity into, now valued at 850k, there is no way I will not make money when I sell. And our expenses for the house will never be so high I won't make money selling when we do a few years from now. I could see that for people who keep doing a bunch of renos, but not with normal upkeep.[/quote]
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