Your Home Equity / Net Worth Ratio?

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acegolfer
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Your Home Equity / Net Worth Ratio?

Post by acegolfer »

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 9:15 pm, edited 1 time in total.
Topic Author
acegolfer
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Re: Home Equity / Net Worth?

Post by acegolfer »

I'll go first.

1. 44%

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

Post by zotty »

1. 25%

2. yes

3. `30%
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Jake46
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Re: Your Home Equity / Net Worth Ratio?

Post by Jake46 »

1. 10%

2. Yes

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

Post by livesoft »

1. Less than 10%.
2. Yes.
3. Less than 10%.
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jdilla1107
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Re: Your Home Equity / Net Worth Ratio?

Post by jdilla1107 »

1. 40%
2. Yes
3. 45%
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dkdoy
Posts: 572
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Location: Oregon

Re: Your Home Equity / Net Worth Ratio?

Post by dkdoy »

1. 25%
2. Yes
3. 25%
Grt2bOutdoors
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Re: Your Home Equity / Net Worth Ratio?

Post by Grt2bOutdoors »

1. Less than 20%.

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

Post by madbrain »

1. 40%
2. no
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22twain
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Re: Your Home Equity / Net Worth Ratio?

Post by 22twain »

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 9:54 pm, edited 1 time in total.
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Flobes
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Re: Your Home Equity / Net Worth Ratio?

Post by Flobes »

1. 20%

2. Yes (2008)

3. 20%
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6miths
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Re: Your Home Equity / Net Worth Ratio?

Post by 6miths »

10%

Yes

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

Post by NOLA »

50%

No
stan1
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Re: Your Home Equity / Net Worth Ratio?

Post by stan1 »

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

Post by letsgobobby »

About 6%

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

Post by gkaplan »

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

Post by travellight »

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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WhiskeyJ
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Re: Your Home Equity / Net Worth Ratio?

Post by WhiskeyJ »

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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prudent
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Re: Your Home Equity / Net Worth Ratio?

Post by prudent »

1. 13%
2. yes
3. about 25%
Bacchus01
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Re: Your Home Equity / Net Worth Ratio?

Post by Bacchus01 »

15%

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

Post by montanagirl »

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 montanagirl on Thu Mar 14, 2013 3:12 pm, edited 1 time in total.
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ruralavalon
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Re: Your Home Equity / Net Worth Ratio?

Post by ruralavalon »

1. 19%
2. Yes
3. no recall of net worth at that time
Last edited by ruralavalon on Thu Mar 14, 2013 1:38 pm, edited 2 times in total.
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nodenuff2
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Re: Your Home Equity / Net Worth Ratio?

Post by nodenuff2 »

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

Post by lwfitzge »

1. 11%

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

Post by ObliviousInvestor »

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

Post by Clark & Addison »

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

Post by midareff »

1. 7%

2. No

3. if I did it would be about 22%
Buckeye
Posts: 464
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Re: Your Home Equity / Net Worth Ratio?

Post by Buckeye »

20

nope
The Wizard
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Re: Your Home Equity / Net Worth Ratio?

Post by The Wizard »

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

Post by Aptenodytes »

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

Post by Peter Foley »

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

Post by pochax »

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

Post by sesq »

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

Post by burgrat »

1. 10%

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

Post by cheese_breath »

1. Approximately 21%

2. Yes

3. Who knows? That was a long time ago.
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MathWizard
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Re: Your Home Equity / Net Worth Ratio?

Post by MathWizard »

15%

No
statsguy
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Re: Your Home Equity / Net Worth Ratio?

Post by statsguy »

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
DVMResident
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Re: Your Home Equity / Net Worth Ratio?

Post by DVMResident »

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

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

Post by Toons »

1. 7%
2.yes
3.7%
:happy
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Rob5TCP
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Re: Your Home Equity / Net Worth Ratio?

Post by Rob5TCP »

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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Boglenaut
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Re: Your Home Equity / Net Worth Ratio?

Post by Boglenaut »

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
MoonOrb
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Re: Your Home Equity / Net Worth Ratio?

Post by MoonOrb »

1. 10%
2. No.
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bengal22
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Re: Your Home Equity / Net Worth Ratio?

Post by bengal22 »

15%

no
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tj
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Re: Your Home Equity / Net Worth Ratio?

Post by tj »

29%

no
feh
Posts: 2011
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Re: Your Home Equity / Net Worth Ratio?

Post by feh »

1. 20%

2. Yes

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

Post by Gnirk »

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 3:57 pm, edited 1 time in total.
Sam I Am
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Re: Your Home Equity / Net Worth Ratio?

Post by Sam I Am »

Message deleted.
Last edited by Sam I Am on Sun Oct 06, 2013 1:43 pm, edited 1 time in total.
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gasman
Posts: 913
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Re: Your Home Equity / Net Worth Ratio?

Post by gasman »

7%

yes

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

Post by Default User BR »

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.


Brian
Middle
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Re: Your Home Equity / Net Worth Ratio?

Post by Middle »

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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