Your Home Equity / Net Worth Ratio?

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Your Home Equity / Net Worth Ratio?

Postby acegolfer » Wed Mar 13, 2013 10:13 pm

1. What percentage of your net worth is in home equity (=home market value - mortgage balance)?

2. Did you payoff your mortgage?

3. If you answered yes to Q2, what was the home equity / net worth right after you paid off the mortgage?
Last edited by acegolfer on Wed Mar 13, 2013 10:15 pm, edited 1 time in total.
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Re: Home Equity / Net Worth?

Postby acegolfer » Wed Mar 13, 2013 10:14 pm

I'll go first.

1. 44%

2. no
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Re: Your Home Equity / Net Worth Ratio?

Postby zotty » Wed Mar 13, 2013 10:20 pm

1. 25%

2. yes

3. `30%
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Re: Your Home Equity / Net Worth Ratio?

Postby Jake46 » Wed Mar 13, 2013 10:23 pm

1. 10%

2. Yes

3. 10%
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Re: Your Home Equity / Net Worth Ratio?

Postby livesoft » Wed Mar 13, 2013 10:26 pm

1. Less than 10%.
2. Yes.
3. Less than 10%.
It's all about short-term opportunistic rebalancing due to a short-term change in one's asset allocation, uh, I mean opportunistic rebalancing, uh I mean rebalancing, uh I mean market timing.
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Re: Your Home Equity / Net Worth Ratio?

Postby jdilla1107 » Wed Mar 13, 2013 10:30 pm

1. 40%
2. Yes
3. 45%
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Re: Your Home Equity / Net Worth Ratio?

Postby dkdoy » Wed Mar 13, 2013 10:33 pm

1. 25%
2. Yes
3. 25%
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Re: Your Home Equity / Net Worth Ratio?

Postby Grt2bOutdoors » Wed Mar 13, 2013 10:40 pm

1. Less than 20%.

2. No.
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Re: Your Home Equity / Net Worth Ratio?

Postby madbrain » Wed Mar 13, 2013 10:43 pm

1. 40%
2. no
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Re: Your Home Equity / Net Worth Ratio?

Postby 22twain » Wed Mar 13, 2013 10:46 pm

1. About 5%
2. Yes, about four years ago.
3. About 7%

We live in a rural area where housing prices are pretty low compared with major metro areas in the Northeast and on the west coast. I made a wild-assed guess about our home equity based on a couple of sales in the last year in our neighborhood, on the fact that our house is one of the oldest and least-fanciest in the neighborhood, and on the probability that our local housing market hasn't been affected as much by the 2007-2009 collapse as, say, Phoenix AZ.

Also, after we paid off our mortgage, we came into an inheritance which accounts for about half of the difference between #1 and #3.
Last edited by 22twain on Wed Mar 13, 2013 10:54 pm, edited 1 time in total.
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Re: Your Home Equity / Net Worth Ratio?

Postby Flobes » Wed Mar 13, 2013 10:52 pm

1. 20%

2. Yes (2008)

3. 20%
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Re: Your Home Equity / Net Worth Ratio?

Postby 6miths » Wed Mar 13, 2013 10:53 pm

10%

Yes

15%
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Re: Your Home Equity / Net Worth Ratio?

Postby NOLA » Wed Mar 13, 2013 11:11 pm

50%

No
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Re: Your Home Equity / Net Worth Ratio?

Postby stan1 » Wed Mar 13, 2013 11:16 pm

30%
Yes
30%
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Re: Your Home Equity / Net Worth Ratio?

Postby letsgobobby » Thu Mar 14, 2013 12:17 am

About 6%

Negative.
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Re: Your Home Equity / Net Worth Ratio?

Postby gkaplan » Thu Mar 14, 2013 12:19 am

I take it renters aren't allowed to vote in this poll.
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Re: Your Home Equity / Net Worth Ratio?

Postby travellight » Thu Mar 14, 2013 12:34 am

40% if I just count my primary home; 80% if I count all real estate. If I factor in pension into net worth, it is probably about 20% and 40%.
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Re: Your Home Equity / Net Worth Ratio?

Postby WhiskeyJ » Thu Mar 14, 2013 12:42 am

1. 15%
2. No
3. N/A
4. 60% = home value/net worth

Just refi-ed to a 30 year with 25% equity (75% LTV). Now if I had 15% for number 1 and 95% equity I would be really happy!
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Re: Your Home Equity / Net Worth Ratio?

Postby prudent » Thu Mar 14, 2013 7:11 am

1. 13%
2. yes
3. about 25%
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Re: Your Home Equity / Net Worth Ratio?

Postby Bacchus01 » Thu Mar 14, 2013 8:31 am

15%

Not close to payoff.
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Re: Your Home Equity / Net Worth Ratio?

Postby caroljm36 » Thu Mar 14, 2013 8:52 am

I never know how to account for jointly held property, but just using 1/2, it's about 1/3 of my personal net worth.

And it was paid off 10 years ago.
Last edited by caroljm36 on Thu Mar 14, 2013 4:12 pm, edited 1 time in total.
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Re: Your Home Equity / Net Worth Ratio?

Postby ruralavalon » Thu Mar 14, 2013 8:57 am

1. 19%
2. Yes
3. no recall of net worth at that time
Last edited by ruralavalon on Thu Mar 14, 2013 2:38 pm, edited 2 times in total.
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Re: Your Home Equity / Net Worth Ratio?

Postby nodenuff2 » Thu Mar 14, 2013 8:58 am

1. Just under 10% 2. yes 3. just under 10%
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Re: Your Home Equity / Net Worth Ratio?

Postby lwfitzge » Thu Mar 14, 2013 9:02 am

1. 11%

2. No
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Re: Your Home Equity / Net Worth Ratio?

Postby ObliviousInvestor » Thu Mar 14, 2013 9:19 am

1. 0%
2. N/A
3. N/A
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Re: Your Home Equity / Net Worth Ratio?

Postby Clark & Addison » Thu Mar 14, 2013 9:25 am

1. 19%
2. Paying off mortgage next week.
3. Will be 19%
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Re: Your Home Equity / Net Worth Ratio?

Postby midareff » Thu Mar 14, 2013 9:30 am

1. 7%

2. No

3. if I did it would be about 22%
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Re: Your Home Equity / Net Worth Ratio?

Postby Buckeye » Thu Mar 14, 2013 9:36 am

20

nope
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Re: Your Home Equity / Net Worth Ratio?

Postby The Wizard » Thu Mar 14, 2013 9:49 am

1. 20%
2. no :(
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Re: Your Home Equity / Net Worth Ratio?

Postby Aptenodytes » Thu Mar 14, 2013 10:01 am

1. 25%
2. No
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Re: Your Home Equity / Net Worth Ratio?

Postby Peter Foley » Thu Mar 14, 2013 10:13 am

1. 15%
2. Yes
3. 33% (Different, less expensive house - paid off 13 years ago).
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Re: Your Home Equity / Net Worth Ratio?

Postby pochax » Thu Mar 14, 2013 10:25 am

1. 20%
2. no
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Re: Your Home Equity / Net Worth Ratio?

Postby sesq » Thu Mar 14, 2013 10:35 am

1. 23%
2. No
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Re: Your Home Equity / Net Worth Ratio?

Postby burgrat » Thu Mar 14, 2013 10:49 am

1. 10%

2. No
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Re: Your Home Equity / Net Worth Ratio?

Postby cheese_breath » Thu Mar 14, 2013 11:13 am

1. Approximately 21%

2. Yes

3. Who knows? That was a long time ago.
The surest way to know the future is when it's the past.
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Re: Your Home Equity / Net Worth Ratio?

Postby MathWizard » Thu Mar 14, 2013 11:25 am

15%

No
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Re: Your Home Equity / Net Worth Ratio?

Postby statsguy » Thu Mar 14, 2013 11:31 am

We have paid off our homes so long ago I don't remember our net worth then but I can say

When we had one home our home equity to net worth was 25%
With two homes (second home purchased last year) the ratio is 56%

Stats
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Re: Your Home Equity / Net Worth Ratio?

Postby DVMResident » Thu Mar 14, 2013 11:40 am

1) 50.6% (purchased 4 months ago; age 30/33)

2) No
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Re: Your Home Equity / Net Worth Ratio?

Postby Toons » Thu Mar 14, 2013 11:43 am

1. 7%
2.yes
3.7%
:happy
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Re: Your Home Equity / Net Worth Ratio?

Postby Rob5TCP » Thu Mar 14, 2013 11:46 am

Since my home is a place in Florida (I live in NY, but have a place in Fla)
it's extremely low.

3% at current value, closer to 10% when I bought it at the peak.
Fortunately it was in a very inexpensive area. I never had a mortgage.
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Re: Your Home Equity / Net Worth Ratio?

Postby Boglenaut » Thu Mar 14, 2013 11:48 am

acegolfer wrote:1. What percentage of your net worth is in home equity (=home market value - mortgage balance)?

2. Did you payoff your mortgage?

3. If you answered yes to Q2, what was the home equity / net worth right after you paid off the mortgage?


1. 17% (Not counting future tax liability on traditional IRA/401K)
2. Never took out a mortgage.
3. 49% assuming when I paid for the house, not counting IRA/401K tax liability, and treating previous property soon to be sold in net worth but not home equity
The problem with being a Boglehead is the more time you spend on it, the worse you get. It makes for a lousy hobby.
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Re: Your Home Equity / Net Worth Ratio?

Postby MoonOrb » Thu Mar 14, 2013 12:34 pm

1. 10%
2. No.
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Re: Your Home Equity / Net Worth Ratio?

Postby bengal22 » Thu Mar 14, 2013 12:41 pm

15%

no
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Re: Your Home Equity / Net Worth Ratio?

Postby tj » Thu Mar 14, 2013 1:20 pm

29%

no
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Re: Your Home Equity / Net Worth Ratio?

Postby feh » Thu Mar 14, 2013 1:21 pm

1. 20%

2. Yes

3. 30% (I'm estimating; don't know what net worth was at that time)
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Re: Your Home Equity / Net Worth Ratio?

Postby Gnirk » Thu Mar 14, 2013 1:27 pm

1. 18% (main home and snowbird home)
2. Yes, within three years.
3. 25% (main home only)
Last edited by Gnirk on Thu Mar 14, 2013 4:57 pm, edited 1 time in total.
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Re: Your Home Equity / Net Worth Ratio?

Postby Sam I Am » Thu Mar 14, 2013 1:36 pm

Message deleted.
Last edited by Sam I Am on Sun Oct 06, 2013 2:43 pm, edited 1 time in total.
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Re: Your Home Equity / Net Worth Ratio?

Postby gasman » Thu Mar 14, 2013 1:42 pm

7%

yes

11%
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Re: Your Home Equity / Net Worth Ratio?

Postby Default User BR » Thu Mar 14, 2013 1:52 pm

Mine's in the 6% range. I paid it off last year, then immediately (well at PenFed pace) took out a home-equity loan for about 40% of the value. This was more economical than refinancing a small balance.


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Re: Your Home Equity / Net Worth Ratio?

Postby Middle » Thu Mar 14, 2013 1:56 pm

1. 35% (which when you make me look at it like that, I kind of wish it wasn't as high)

2. No - about 12 years to go at current rate.
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