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Money and Finances
Reply to "FYI: Don't include home equity in net worth"
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[quote=Anonymous]I think OP phrased it poorly. It’s not about asset making income or not, it’s about having to allocate the asset for personal consumption. You cannot be homeless. But this idea of OP still doesn’t hold because there is not definition of what shelter must be and how much it must cost. You absolutely should count your equity in a house you live in because you CAN sell it and exchange it for something less expensive or rent something instead. In this case this equity becomes a part of your NW in the definition OP wants to follow, as it is now investable. Investment income from this may go towards covering your living costs in a rental with the rest saved/reinvested. But according to the definition it is a part of your asset portfolio capable of earning income. [/quote]
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