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House Value to Net Worth %
Old 07-17-2017, 02:52 PM   #1
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House Value to Net Worth %

Curious about where the average person is in terms the value of your house relative to your net worth. Our house represents 21% of our net worth. As we prepare for retirement, I am calibrating financial assets needed to support retirement and am interested in the general house to net worth ratio. Thanks
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Old 07-17-2017, 02:54 PM   #2
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Old 07-17-2017, 02:55 PM   #3
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Gross or net of any mortgage? IOW, if I have a $1million house and a $750K mortgage, is the numerator $1 million or $250k?

Obviously the denominator would include the $250k and any other net assets you have.

Let's say these other assets are $2 million so net worth is $2.25 million. Is the response that you want 44.4% ($1 million/$2.25 million) or 11.1% ($250k/$2.25 million)?
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Old 07-17-2017, 03:00 PM   #4
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Old 07-17-2017, 03:00 PM   #5
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I was looking for the $1m / $2.25m = 44.4%.
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Old 07-17-2017, 03:02 PM   #6
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ok, in that case 15.6% for us.
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Old 07-17-2017, 03:05 PM   #7
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Old 07-17-2017, 03:05 PM   #8
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Old 07-17-2017, 03:07 PM   #9
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So much depends on the value of my home.

I just bought it in cash two years ago, so if I use that price, then 13%.

However, we have had a booming seller's market here since then, with houses going for prices that are skyrocketing, and to me seem astronomical. So realistically, based on official selling price records in my neighborhood, I suppose 15%-20%.

But I don't ever plan to sell! My plan is to stay here until they take me out feet first, as the saying goes. So maybe we are back to 13%? Confusing.
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Old 07-17-2017, 03:07 PM   #10
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Quote:
Originally Posted by beachfire View Post
Curious about where the average person is
How do you define "the average person" for the purposes of this thread?
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Old 07-17-2017, 03:08 PM   #11
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Old 07-17-2017, 03:08 PM   #12
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Old 07-17-2017, 03:10 PM   #13
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Roughly 6%. I'm not planning to pay off the mortgage for a few years.
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Old 07-17-2017, 03:12 PM   #14
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20 % ish. Id like to sell this place, get a nice rental in Tax free Florida for $1500 a month.
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Old 07-17-2017, 03:13 PM   #15
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< 5% currently. We'll probably upsize in the next few years to something closer to 10%.
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Old 07-17-2017, 03:16 PM   #16
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Nine percent.
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Old 07-17-2017, 03:17 PM   #17
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Purchase price of house, ignoring appreciation and small mortgage, is 13% of our financial assets (excluding house).

If I count the mortgage and guestimate what a developer would be willing to give us if we asked, I think it is about 15% of our net worth (Financial + house). Of course, about half of its value would go toward getting us another place to live if we sold....

Very different story than our first house! (It was an infinite percentage of our net worth, after accounting for student loans...)
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Old 07-17-2017, 03:23 PM   #18
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I did not mean anything by "average person". I was thinking I would look at the responses were to this question and derive an "average". Thanks
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Old 07-17-2017, 03:25 PM   #19
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Looks like about 13% but we are in a bubble so could drop at any time.
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Old 07-17-2017, 03:27 PM   #20
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