Yes, since you can borrow with your house as collateral its emergency value (so to speak) isn’t zero, but it also doesn’t equal its sale value. So the right thing would be something between “net worth” and “net worth not counting primary residence”. (Other illiquid assets also need treating specially, for the same reasons.)
Yes, since you can borrow with your house as collateral its emergency value (so to speak) isn’t zero, but it also doesn’t equal its sale value. So the right thing would be something between “net worth” and “net worth not counting primary residence”. (Other illiquid assets also need treating specially, for the same reasons.)