Our primary home is about 7% of our net worth. We paid it off back in 2010 to get ready for retirement. Two townhomes that our two boys and their families live in total another 7%. Our two vacation homes would be another 15% total. No mortgages but lots of property taxes!
Nice to know there are others that ended up long too much non-income producing real estate. Instead lots of carrying costs! But thankful to be debt free and able to provide family with improved living conditions and have vacation homes. Still question our decision making a bit, but you never know when your time will come, so might as well help family now while you are alive. You get to see them enjoy the benefits of your hard work instead of waiting until you’ve past on.