- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: 100K Net Worth
Posted on 7/29/15 at 5:59 pm to TigerTatorTots
Posted on 7/29/15 at 5:59 pm to TigerTatorTots
quote:
Person A has a net worth of $100,000 and person B has a net worth of negative $150,000?
That is what that flying tiger guy was saying and it seemed like you agreed right?
wouldn't that be wrong though? i mean, the house is worth 250k (or current estimate).
eta: this thread is all retarded up.
This post was edited on 7/29/15 at 6:01 pm
2
Posted on 7/29/15 at 6:06 pm to Hawkeye95
quote:
wouldn't that be wrong though? i mean, the house is worth 250k (or current estimate).
eta: this thread is all retarded up.
It's definitely wrong, that's the point.
There is a group of posters in this thread that are trying to include "Home Equity" as an asset and "Mortgage" as a liability, but Home Equity by definition has already factored in the cost of the mortgage.
You either have to (a) list the total home value as an asset and the mortgage as a liability or (b) list only Home Equity as an asset and not include the Mortgage at all (since its already included in calculating Home Equity).
This post was edited on 7/29/15 at 6:08 pm
Posted on 7/29/15 at 8:15 pm to Hawkeye95
quote:Yes, I would think that is wrong
wouldn't that be wrong though? i mean, the house is worth 250k (or current estimate).
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News