The House

[Scuba]

Quote:

Originally Posted by Texas Proud +1 on this... And it is one of the questions that come up when people ask 'how much do you have?'..... I cannot eat (or easily convert to food) my house or cars or other stuff that I own (well, without taking a hit on value or getting rid of something I want)..... so when it comes to how much I have to live on it is only liquid assets....

+1
We prefer not to sell our primary residence or personal property to generate funds to live on. Therefore our calculations of retirement readiness excluded these assets. If we need LTC down the road, certainly our home is an asset we could utilize if need be.

[GravitySucks]

My house is in the calculation on the spend side. It'll be paid off in 10 months and then my living expenses go down.
As a bit of a cheat, I'm not counting the principle paid as part of my WR this year. It's more a transfer of assets from bonds to real estate. Eventually, when I don't need to live somewhere, it is part of the asset base.