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Old 10-14-2009, 02:24 PM   #21
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Mine is a little less than 15% if I include my home's value in my net worth. I think the author must be thinking of Californians.
Um. I are one of those...

My house WAS around 18% of my net worth. Now it's around 10%. And no, that's not because I've done really well in my other investments the past couple of years.
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Old 10-14-2009, 03:02 PM   #22
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I am still ~75% real estate ... but the primary residence is ~10%.
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Old 10-14-2009, 03:21 PM   #23
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My home is about 13% of NW. So the question that comes to mind when reading an analysis like this is - how is the heck will this demographic ever retire?
Many in this demographic won't retire, or at least won't retire in the way that we think about it. Here is a scenario I am too familiar with.....They will quit working full-time and take on part-time work until they suffer medical issues that causes them to quit work all together. When they are totally spent, they will ask their children to keep them afloat. It's not a pleasant scenario for the parents or the children. My part in all this?......I am one of the buoys.
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Old 10-14-2009, 04:04 PM   #24
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Another Californian, house is 14% of NW. I don't include it in my NW.
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Old 10-14-2009, 05:12 PM   #25
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Wow... 15% is our number too. Before the crash our house as a lower % of our assets. I live in the mid-west and home values did not rise or drop as much as the west coast. But we did take a hit by the stock market which increased the house as a % of total net worth.
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Old 10-14-2009, 06:05 PM   #26
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My house if about 5 percent of my net worth.
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Old 10-14-2009, 06:22 PM   #27
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Interesting that a lot of responders seem to cluster around 15% of NW. Maybe an interesting correlation FI/ER = no more than 15% or so of NW devoted to main residence?
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Old 10-14-2009, 06:52 PM   #28
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Makes a big difference where you live. I would guess my house (fully paid off) is about 20-25% of my net worth. Houses are expensive here in DC.
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Old 10-14-2009, 06:56 PM   #29
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Our house is a decent chunk of our networth. We have a house in California vacation land. Plan on selling in retirement and move to someplace cheaper. DW works with quite a few people who are RN's from other states and even out of country. Many plan to move back after they are done working.
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Old 10-14-2009, 07:01 PM   #30
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I'm another in the ~15% category...
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Old 10-14-2009, 09:02 PM   #31
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Makes a big difference where you live. I would guess my house (fully paid off) is about 20-25% of my net worth. Houses are expensive here in DC.
Very true. I have friends in NoVA and my house would easily sell there for 3 or 4 times what I paid here in western PA when I bought it new 5.5 years ago. Location, location, location.
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Old 10-14-2009, 09:25 PM   #32
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Very true. I have friends in NoVA and my house would easily sell there for 3 or 4 times what I paid here in western PA when I bought it new 5.5 years ago. Location, location, location.
Yeah, but our property taxes are probably 3 to 4 times what yours are and I doubt we get a lot more for them.

We are also in the 15% range. We have lived in the same house for 27 years and it has appreciated over 400%. Things were a LOT cheaper in 1982, though our first mortgage interest rate at the time was 14%.
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Old 10-14-2009, 09:41 PM   #33
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2% (counting equity only) and I'd rather rent and get it down even lower.

heh heh heh - I'm a member of the 30 yr mortgage camp, not the the paid off house group. .

Note - pre Katrina I was ballpark 15% in New Orleans give or take a couple percent.
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Old 10-14-2009, 10:36 PM   #34
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Not sure of my current home value but I'd guess it's around 30-35% of my NW including the home. I had planned on about 15-20% when I built, but it wound up costing more than I planned, and increased in value as the rest of my NW went down. At one point it was probably 50%.
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Old 10-15-2009, 04:28 AM   #35
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Our house and condo are about 30% of our net worth. I don't consider their value as part of our retirement nest egg. I do plan on downsizing and then selling real estate if I make it past mid 80's
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Old 10-15-2009, 08:03 AM   #36
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Also about 15%; wish it was about 1/2 that.

Don't include house in NW, or what I figure my SWR on.
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Old 10-15-2009, 08:09 AM   #37
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My paid for home is maybe 15% of my net worth.
Hard to tell because I'm out in the boondocks, albeit in a very desirable area (crime very low) compared to other locales. If I decided to sell, it would go quickly as an older but very affordable starter home for young couples who aren't afraid of a little snow. I keep it well maintained.
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Old 10-15-2009, 12:33 PM   #38
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I'm out in the boondocks, albeit in a very desirable area (crime very low) compared to other locales
.

Confirms my belief that dirt, rocks, and trees will generally not commit any crimes.
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Old 10-15-2009, 01:38 PM   #39
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.

Confirms my belief that dirt, rocks, and trees will generally not commit any crimes.
Oh, there are some local folks who live outside the law and society in general.
But nowhere near me TG.
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Old 10-15-2009, 11:20 PM   #40
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The issue is not that most of us don't have enough house, but rather MOST OTHER people don't have enough investments. If you own a $70,000 house and $30,000 in stocks, then you've hit the 70% they mention...and sadly I think this is where many Americans are.
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