The Money Mustache Community
Learning, Sharing, and Teaching => Ask a Mustachian => Topic started by: Talltodd on May 29, 2015, 03:22:48 PM
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There are different schools of thought on this. Choose one option mustashians. Thanks.
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You should only do so if you are planning to sell it and buy something cheaper - and then only for the difference.
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Net worth (minus any still owed) yes, it counts. As part of my portfolio? Hell no. That's for liquid or easily liquified assets. Selling a house is not "easy" in the sense that it could take months to get the money out of it upon selling. And I wouldn't count a HELOC as part of my net worth/portfolio either...
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Net worth (minus any still owed) yes, it counts. As part of my portfolio? Hell no.
This is the crucial distinction.
Added that as a poll option, to make more clear. :)
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Thanks Arebelspy. That's what I was trying to get at.