Quote:
Originally Posted by PeanutButter
I was just suggesting that it would be nice to see people's networth minus their equity in their house, didn't mean to get people so worked up.
(serious question)
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I find it weird to not include house because there's no difference imo between someone who
Person A has a $2M Detached home - drives a $10K beater
vs
Person B has a $2M Liquid portfolio - Rents $4K/month duplex + drives a 911
Person A can easily sell his house for $2M Liquid and be the person B at any time. Probably chooses not to because having a liquid portfolio with no RE is too spooky for them or is against the social norm.