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 2066 times)

Talltodd

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There are different schools of thought on this. Choose one option mustashians. Thanks.

SwordGuy

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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

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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

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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.  :)
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Talltodd

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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.