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Reply to "Counting home value in net worth"
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[quote=Anonymous][quote=Anonymous]I don’t count it. I need a place to live so it’s not wealth to me. [/quote] Also, your $3M townhome in NW could be worth $500K when you sell it b/c it's "worth" is its sale price. Not what you think it is or current comps say it is nor what the tax bill says. It's the sale price alone. That is the only reason. You do not know if selling your home will reap a profit until you do and you need a place to live. It's such a simple concept but some of y'all refuse to accept it. [/quote]
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