Alex
Full time employment: Posting here.
- Joined
- May 29, 2006
- Messages
- 696
I count my home equity in my TOTAL net worth calculations because I plan on selling the home and moving to a lower cost area when I retire. I base my valuation on the most recent appraisal (about a year old now) less estimated transaction costs. I haven't really adjusted the valuation up or down simply because I don't track it that closely. Once I get closer to FIRE I will do a more thorough evaluation.
One thing that I do track very closely is what I call my LIQUID net worth. Home equity is not part of that equation even though I do have an untapped credit line of up to 200K.
One thing that I do track very closely is what I call my LIQUID net worth. Home equity is not part of that equation even though I do have an untapped credit line of up to 200K.