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Reply to "Do you include your home equity in net worth ? "
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[quote=Anonymous][quote=Anonymous]Maybe somebody answered this, but thinking not. For all those who are not including home equity in net worth, are you including your mortgage balance (if any) as a reduction to your net worth? And please explain how that is a logical choice, since as another poster has mentioned, it seems inconsistent (to say the least).[/quote] Home equity requires both the home value and mortgage balance. You wouldn't reduce a net worth calculation by mortgage alone. The conversation on whether to include it or not really boils down to "liquid" net worth and "illiquid" net worth. Home equity contributes to the latter.[/quote]
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