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If your net worth is tied up in your home (house rich, cash poor), you can't put that money into savings or investments. My house is "worth" 2X what I paid for
by GiorgioG 2y ago
If your net worth is tied up in your home (house rich, cash poor), you can't put that money into savings or investments. My house is "worth" 2X what I paid for it 11 years ago, awesome. It's not helping to pay the increase in taxes, homeowners insurance, groceries, that have gone up, up & up.
- Spivak 2y agoThat's fair, excluding primary residence makes sense just like retirement accounts.