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Reply to "Counting home value in net worth"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We bought with a 400K down payment a few years back. Our house has appreciated a little bit. If I wanted to sell tomorrow I'd get that 400K + more back in a month or two (yes, even taking closing costs and commissions into account). So yeah, it's as much a part of my NW as my investments are, neither of which are 100% guaranteed returns until they're liquidated. [/quote] Yeah but don’t you need that money to find another place to live? [/quote] DP here. Yes, they need a place to live but they’re wealthier with a home worth $400k than if they were just renting a place and had no assets. In an emergency they could sell the house and use the money for rent.[/quote] I don't know what you are saying but my point was that since NW = total asset - total liability, if you include your house, you also have to include cost of your future house (future unrealized liability). [/quote]
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