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Selling your house takes time. In a bad economy, it could take a lot of time. Knowing your "liquid" net worth has some value.
by icedchai 4y ago
Selling your house takes time. In a bad economy, it could take a lot of time. Knowing your "liquid" net worth has some value.
- RexM 4y agoBut if you own your home you don’t have to worry about paying for a place to live (taxes aside.) I do see how knowing what your liquid net worth is has some value, but knowing your expenses has value, too.
- icedchai 4y agoTrue. Taxes and utilities do add up. Some neighborhoods also have HOA fees. A lot of people are living month-to-month on their paycheck, so expense is key. Note: I own my home outright. I bought it in 2000, before the real estate bubble really took off, had a 15 year mortgage, paid it off early.