Poll

Do you include your paid off residence as part of your portfolio?

Yes
0 (0%)
No
2 (7.1%)
Yes in net worth, no in portfolio
23 (82.1%)
Still paying down mortgage
3 (10.7%)

Total Members Voted: 27

Author Topic: Do you include your paid off residence as part of your portfolio?  (Read 2226 times)

Talltodd

  • 5 O'Clock Shadow
  • *
  • Posts: 6
There are different schools of thought on this. Choose one option mustashians. Thanks.

SwordGuy

  • Walrus Stache
  • *******
  • Posts: 8956
  • Location: Fayetteville, NC
Re: Do you include your paid off residence as part of your portfolio?
« Reply #1 on: May 29, 2015, 03:46:06 PM »
You should only do so if you are planning to sell it and buy something cheaper - and then only for the difference.

Frankies Girl

  • Magnum Stache
  • ******
  • Posts: 3899
  • Age: 86
  • Location: The oubliette.
  • Ghouls Just Wanna Have Funds!
Re: Do you include your paid off residence as part of your portfolio?
« Reply #2 on: May 29, 2015, 04:00:18 PM »
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...

arebelspy

  • Administrator
  • Senior Mustachian
  • *****
  • Posts: 28444
  • Age: -997
  • Location: Seattle, WA
Re: Do you include your paid off residence as part of your portfolio?
« Reply #3 on: May 29, 2015, 04:08:01 PM »
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.  :)
I am a former teacher who accumulated a bunch of real estate, retired at 29, spent some time traveling the world full time and am now settled with three kids.
If you want to know more about me, this Business Insider profile tells the story pretty well.
I (rarely) blog at AdventuringAlong.com. Check out the Now page to see what I'm up to currently.

Talltodd

  • 5 O'Clock Shadow
  • *
  • Posts: 6
Re: Do you include your paid off residence as part of your portfolio?
« Reply #4 on: May 29, 2015, 04:43:26 PM »
Thanks Arebelspy. That's what I was trying to get at.