tag:blogger.com,1999:blog-14245531.post5958755285088694569..comments2023-11-18T01:21:55.631-05:00Comments on My Open Wallet: May 2009 Net WorthMadame Xhttp://www.blogger.com/profile/11536189690094235926noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-14245531.post-50252000601427415072009-06-30T12:14:20.338-04:002009-06-30T12:14:20.338-04:00I think in the Millionaire Next Door, they exclude...I think in the Millionaire Next Door, they exclude home value?Jeremy Burlingamehttps://www.blogger.com/profile/13943209966042393860noreply@blogger.comtag:blogger.com,1999:blog-14245531.post-47588221173303201882009-06-09T21:43:06.232-04:002009-06-09T21:43:06.232-04:00Congrats on your net worth this month. I am glad t...Congrats on your net worth this month. I am glad to see that you are up across the boardNobrainerdealshttp://www.nobrainerdeals.comnoreply@blogger.comtag:blogger.com,1999:blog-14245531.post-83497587981000109452009-06-09T07:45:13.770-04:002009-06-09T07:45:13.770-04:00a serious comment - not snarky or anything. I alw...a serious comment - not snarky or anything. I always thought that a house shouldn't be included in net worth. A home is a liability - a debt to be paid. And even if you own it outright, or a large portion of it, it's not liquid. And it's only worth what someone will pay for it, so you have to sell it to get that value. And even paid off, you have to pay property taxes, maintenance, etc.<br /><br />Clearly, there are advantages to owning a home, especially once it is paid off and you have no monthly housing payment. Not arguing that one.<br /><br />I guess I just don't see the benefit of considering home equity in a net worth analysis ... except as a feel-good, I'm paying down my debt feeling.Anonymousnoreply@blogger.com