Pete the Planner: Should your home’s equity be included in your net worth?

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One thought on “Pete the Planner: Should your home’s equity be included in your net worth?

  1. Anyone who has looked at older houses knows that the listed price, the tax assement, and the selling price are vastly different. Some home owners are diligent about upkeep and repair; most are not. Allowing the government to place a value of your home into your net worth is simply daff. The city has made a bunch of hay by overvaluing our homes and land, as many of us have seen on our tax bills. They also ignore transaction costs, appreciation values, ACA taxes, and realtor fees. There is not as much there as perhaps your neighbor’s home sold for. It is not the same. To allow this rule change is not in our interest. It will prevent renters from becoming home owners. It is only in the government’s interest to make this rule change. Steven Pettinga

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