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Reply to "How old are you and what is your HHI and net worth? "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Why would we do this half-assed? My $600k in equity is worth something.[/quote] np. It is, but it's not earning you any money. I have a $500k house paid off, and that's certainly better than paying a mortgage or rent, but I don't really count it when I think of net worth, just like I don't count the value of my cars. I count money that is generating returns for me. Including 401(k). Rental real estate, too, if applicable.[/quote] Yes, it is. I bought it at $480k, and it is now worth $650k. Plus, I now have almost no mortgage. That sure seems like both earning money and being better off than someone who has no equity and is still renting to me. Cars are depreciating assets, totally different. [/quote]
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