Latest / Chris Invests - Dividend Investing & Passive Income
Most People Are Broke Without Their House (Net Worth Without Home Equity)
Once you remove home equity, the average person’s net worth looks completely different. For most households, a home isn’t just a place to live. It becomes the largest asset they own which will more often than not lead to major problems. Mortgage payments act like forced savings, home values rise gradually, and before people realize it, a single asset begins to define what their net worth looks like on paper. Most people know housing matters, but few realize just how dominant it is in the typical balance sheet. That’s what we’re going to look at: how much of the average person’s net worth…
The skinny
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