Your Home Equity / Net Worth Ratio?
Re: Your Home Equity / Net Worth Ratio?
1. Equity = 9% of net worth.
2. No. 12 years remaining @ 3.625%.
3. If we paid our mortgage off with savings today, our home would be 27% of our net worth.
2. No. 12 years remaining @ 3.625%.
3. If we paid our mortgage off with savings today, our home would be 27% of our net worth.
Re: Your Home Equity / Net Worth Ratio?
Some places this is certainly true (CA). Other places just leveled off after 2010 and never did much after that.Carefreeap wrote:Today about 20%. Maybe higher if you actually believe today's values. Yes, I believe a correction is coming very soon.
Yes house is paid off.
At the time we paid off the mortgage (2010) it was probably around 25%.
The interesting thing to note here is how the values changed from 2010 to 2015; almost 50%.
Re: Your Home Equity / Net Worth Ratio?
1. 15%.
2. No
2. No
2014 No. 42 2015 No.342 2016 No. 6 2017 238 2018 no. 175 2019 no. 144 6 year average 157.83. Proves I am just an average investor.What do I know? "Good bless America land that I love..."
Re: Your Home Equity / Net Worth Ratio?
1. 21%
2. No
2. No
Re: Your Home Equity / Net Worth Ratio?
1. Home Equity / Net Worth Ratio:
Using Zillow's value: 6.2%
Using Trulia's value: 16.0%
2. No.
Using Zillow's value: 6.2%
Using Trulia's value: 16.0%
2. No.
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Re: Your Home Equity / Net Worth Ratio?
I think it's probably true for metro areas of both coasts and major employment centers. Or at least this rise seems to be following the typical business cycle IMO.JLJL wrote:Some places this is certainly true (CA). Other places just leveled off after 2010 and never did much after that.Carefreeap wrote:Today about 20%. Maybe higher if you actually believe today's values. Yes, I believe a correction is coming very soon.
Yes house is paid off.
At the time we paid off the mortgage (2010) it was probably around 25%.
The interesting thing to note here is how the values changed from 2010 to 2015; almost 50%.
Every day I can hike is a good day.
Re: Your Home Equity / Net Worth Ratio?
Somewhat less than 10%. We have a mortgage by choice during retirement, could pay it off if needed and have assets that more than meet our needs. In our case, having a mortgage higher than is necessary over the years and today has been a significant part of developing our current assets. We have done this with the belief we could obtain investment returns greater than mortgage interest plus taxes on investment returns with the additional money obtained from the mortgage. Definitely, this is not recommended by financial planners.
Tim
Tim
Re: Your Home Equity / Net Worth Ratio?
5%. Yes. We've lived in the same moderate size house a long time. Bigger would be an even bigger upkeep waste of our time & money than this one is. We have better places to put our assets.
- Just sayin...
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Re: Your Home Equity / Net Worth Ratio?
1. 16%
2. Yes
3. 24%
2. Yes
3. 24%
Re: Your Home Equity / Net Worth Ratio?
Just bought home with cash
10-15% of net worth
10-15% of net worth
Re: Your Home Equity / Net Worth Ratio?
I wish this were a poll - it would be easier to get statistics.
- tennisplyr
- Posts: 3703
- Joined: Tue Jan 28, 2014 12:53 pm
- Location: Sarasota, FL
Re: Your Home Equity / Net Worth Ratio?
Home equity =50% (live on north shore of Long Island)
Paid off mortgage ~5 years ago
This allows me to sleep big time....house has gone up 5 fold in the 30 years I've owned it.
PS, I know some will bawk that equity is too high but I can't help it that I made a smart decision to buy years ago
Paid off mortgage ~5 years ago
This allows me to sleep big time....house has gone up 5 fold in the 30 years I've owned it.
PS, I know some will bawk that equity is too high but I can't help it that I made a smart decision to buy years ago
“Those who move forward with a happy spirit will find that things always work out.” -Retired 13 years 😀
Re: Your Home Equity / Net Worth Ratio?
1) 13%
2) Yes
3) Around 20%
2) Yes
3) Around 20%
- danwhite77
- Posts: 421
- Joined: Thu Mar 08, 2012 8:21 am
Re: Your Home Equity / Net Worth Ratio?
1. 26%
2. Yes
2. Yes
"While some mutual fund founders chose to make billions, he chose to make a difference." - Dedication to Jack Bogle in 'The Bogleheads' Guide to Investing'.
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Re: Your Home Equity / Net Worth Ratio?
1. 73%
2. No
HCOL area. Combination of valuation increasing ~65% and (foolishly)throwing extra $ at the mortgage for years instead of investing. Trying to work it down...
2. No
HCOL area. Combination of valuation increasing ~65% and (foolishly)throwing extra $ at the mortgage for years instead of investing. Trying to work it down...
Re: Your Home Equity / Net Worth Ratio?
9%
Yes
Too long ago
Yes
Too long ago
If past history was all that is needed to play the game of money, the richest people would be librarians.
Re: Your Home Equity / Net Worth Ratio?
1) 24%
2) Not close to paying it off
Barring a windfall, I don't foresee paying off a mortgage for another 20 years or so, unless I move to renting.
2) Not close to paying it off
Barring a windfall, I don't foresee paying off a mortgage for another 20 years or so, unless I move to renting.
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Re: Your Home Equity / Net Worth Ratio?
1. Home Equity = 33% of net worth.
2. Yes
3. Guessing about 40%.... it was years ago.
JW
2. Yes
3. Guessing about 40%.... it was years ago.
JW
Retired at Last