Reply to How old are you and how much is your net worth?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]yeah, we are currently in negative territory since we owe $420K+ on our home.  If we didn't have to subtract that debt, it wouldn't be so ugly.

We're 36 with 1 child - HHI of ~$135K.[/quote]

Is your mortgage worth more than your home?[/quote]

we've gained a little on it since we bought it 2 years ago.  We just still owe a lot on it, plus we took out a HELOC to pay for some home repairs and a few other things (like fertility treatments since my first child apparently screwed up my body to the point where I can't get pregnant without the use of technology).

Our retirement accounts+other savings+529 savings aren't bad for our HHI, but even if you add in what we still have in equity, subtracting the debt (mortgage+HELOC+1 car loan) from that gives us negative net worth.

We would have been in the positive by a couple thousand had we stayed in our little TH forever, but we made the decision to have a house with a yard.  I think there are a lot more families out there like ours, they just aren't answering this question.[/quote]

<headdesk>. Are you serious?

You either add in the equity you have in your house, or you add in the entire value of the house, and then subtract the equity. You don't add in the equity and then subtract the debt.

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