Poll - What Percentage of Net Worth does Equity in your Primary Residence represent? (Recent storms has prompted this)

What Percentage of Net Worth does Equity in your Primary Residence represent?

  • 0% - I/We Rent

  • < 10%

  • 10-25%

  • 25-50%

  • 50-75%

  • >75%


Results are only viewable after voting.

ShokWaveRider

Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Joined
Jun 17, 2003
Messages
8,150
Location
Florida's First Coast
All these storms and the post about Pension vs Net Worth made me curious about the numbers. Again, no real reason purely for curiosities sake. Do not read anymore into it.

Obviously one's mortgage is not included in one's equity. (Realistic Home Value - Mortgage(s) = Equity) If you do not know use the Zillow Estimate, it does not need to exact.
 
If I used the Zillow estimate my house would be 40% of my total NW. I don't use that though since I think it's too high even before factoring in costs of selling. I figure my paid off home is around 33% of my total NW.
 
Market value of my house is 16-18% of my LNW plus HE. I don't really consider my house as part of my NW as I manage my affairs -the imputed rent reduces my expenses though. It's an off-sheet asset that I guess I could liquidate if the SHTF in a big way.
 
~10% for me as well. I've no intention remaining where I currently reside (Gulf Coast aka Hurricane Ground Zero this time of year) once I've accumulated enough to retire.
 
Primary residence is about 20% of net worth.

Much of our remaining net worth is in three nearby rental homes. With home prices so high, supply scarce and no new construction, hoping to lure one or more of our three kids back to the area when they settle and start families.
 
A conservative estimate is 18% based on recent sales of comparable houses with similar views.

Our home is fully paid for and it costs us next to nothing to live here.
We're not moving anywhere in the near future.
 
10.5%.

Knew when I saw how broad the survey bands were everyone would be clumped in the <50% bands. We've had this poll before and somewhere in the teens was the common result. I would expect extremely few here on an ER forum to be >50%.
 
17%
 
Primary residence value net of mortgage? So if a home is $1M, and you owe $200K, I would only use $800K in my calculation. Is that how everyone calculates?
 
According to the property tax statement "True Cash Value" for last year we are at 7% residence/NW total for our summer & winter homes. Our "primary residence" winter home is, for tax purposes, in California and is 2% of NW. While I use the tax man's numbers for figuring, he is undervaluing IMHO, and my thought is that our housing is more like 10.5% of NW. Add in the rental property and we have about 25% of NW at risk of earthquake, flood, wildfire, volcano...
 
Home value and NW as it relates to storm damage/destruction? Well my property (land) is worth more than the home that sits on it. So just my home value is less than 5% of my NW. So I'm not sure how to vote since my property (land) will be here no matter what happens. But my home could be burned up, blown away or hit by a meteor. So maybe <5%?
 
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Not sure of either the numerator or denominator, but I think it's about 15%.
 
looks like not enough low % options to get a Bell curve in the results
 
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