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Reply to "Do you include your home equity in net worth ? "
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[quote=Anonymous][quote=Anonymous]Who has more? Someone with $2M in a brokerage, 401K, or home equity?[/quote] Depends on the home equity. If it is in my second house then they are comparable since that is a saleable asset (and in my case one that has appreciated more than my brokerage accounts in the last few years). If I am getting ready to downsize and move to something much less expensive then a good portion of the home equity is comparable to cash assets. Not sure why you are harping on this topic. As others have pointed out, net worth means assets minus liabilities. If you have a mortgage it has to be in your liabilities and the house is the offsetting asset. It would be crazy to include the debt and not include the house value.[/quote]
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