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My house is an asset yet I owe quite a bit of money on it. Which way does it tilt the balance sheet for this survey?

• shorttime 10y ago
  Worth - mortgage principle = savings.
  • metaphor 10y ago
    I can think of one reasonable instance in which home equity may have equivalent liquidity as a savings account: when filing for bankruptcy.
  • sosborn 10y ago
    Not for this survey though. It looks like it is purely about money in a savings account, which is a pretty poor measure.
• cptn_brittish 10y ago
  Since it's talking about savings I would assume it means highly liquid assets I would assume a house wouldn't be liquid enough to use in the survey just stuff like how much money you have saved.