3 ms·

$86,000 per person.

• pjmorris 8y ago
  For the downvoters: if it's a different number, where did the rest of the money go?
  • umeshunni 8y ago
    Asset values are not static. e.g if you borrowed $100K for to buy your $110K house 10 years ago, you may have $86K remaining on your mortgage today and your house might have appreciated to $134K.
    • pjmorris 8y ago
      But the 134K is only a validated if someone buys the house with 134K cash and/or credit. And that 134K is typically measured in terms of comps - nearby houses of similar size and similar condition... that were purchased with cash or credit. Currency is a ledger... one man's debt is another man's credit.
    • deleted 8y ago
      [deleted]