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

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[quote=Anonymous]Clearly I’m an outlier on this wealthy board, but maybe me sharing will provide a different end of the spectrum. Our home equity is more than half of our NW.

NW = $1.1M (ages 39 + 42)
Home value = $1.25M
Remaining Mortgage = $550k
Home equity = 700k

These are round numbers, I haven’t checked exact NW or remaining mortgage recently.

Some background is that we lucked out in buying in a hot zip code 2018 for 800k w/ ~20% down. Never dreamed it would go up 50% + in value in 6 years. We’ve got a low rate so count ourselves lucky to have an affordable place to live regardless of what ultimately happens with property value in the long run.

Also our incomes have gone from 200k to 300-350k over that time period. And only recently have our childcare costs gone down. So I anticipate now that we’ve bumped up retirement and we have more liquidity to invest that the % will go down. We are probably representative of your basic upper end of MC turned lower end of UMC dual income family who lucked out in buying a home pre-COVID.[/quote]

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