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Started By
Message
re: 1 in 5 Oklahoma households have zero or negative net worth
Posted on 11/11/26 at 10:24 am to Mingo Was His NameO
Posted on 11/11/26 at 10:24 am to Mingo Was His NameO
quote:
There’s a shite ton of people in California sitting on 300-400% equity in their homes
What does that have to do with the information on the map?
Posted on 11/11/26 at 10:24 am to stout
Proof that no one should move here we’re full and broke.
Posted on 11/11/26 at 10:24 am to LSUtoBOOT
quote:
There’s a shite ton of people in California sitting on 300-400% equity in their homes
What does that have to do with the information on the map?
Net worth
Posted on 11/11/26 at 10:25 am to stout
I don’t believe that chart. It’s almost certainly higher than that everywhere.
Posted on 11/11/26 at 10:25 am to LSUtoBOOT
quote:
What does that have to do with the information on the map?
Do you know what net worth is
Posted on 11/11/26 at 10:27 am to LSUtoBOOT
quote:
What does that have to do with the information on the map?
Uh, probably almost everything. That's why Hawaii and California have "good" numbers. If you own any real estate and have for more than a minute then your net worth on paper is outpacing your sports gambling and car financing.
This post was edited on 11/11/26 at 10:28 am
Posted on 11/11/26 at 10:30 am to stout
Found this post interesting. So did the GPT on 30-yr trend (Source: Federal Reserve):
“The share was around 9%–10% before the Great Recession, rose to about 13% in 2010, and fell to 8.6% by 2025. The 2025 estimate is 1.1 percentage points below 1995 and 4.5 points below 2010.”
At the macro level, some of cheapest debt of all times (Greenspan period) yet did not turn it into positive net worth.
Root causes?
Real income change vs inflation (enough to go around)
Home ownership / access
Participation in financial markets
Bad money mgmt
Social: Divorce, Addictions, Dead beat or Single parents, more kids than can afford, health, unemployment
?
“The share was around 9%–10% before the Great Recession, rose to about 13% in 2010, and fell to 8.6% by 2025. The 2025 estimate is 1.1 percentage points below 1995 and 4.5 points below 2010.”
At the macro level, some of cheapest debt of all times (Greenspan period) yet did not turn it into positive net worth.
Root causes?
Real income change vs inflation (enough to go around)
Home ownership / access
Participation in financial markets
Bad money mgmt
Social: Divorce, Addictions, Dead beat or Single parents, more kids than can afford, health, unemployment
?
Posted on 11/11/26 at 10:34 am to stout
quote:
Net worth
Correct, but wouldn’t the equity in houses have already been accounted for in the negative calculations?
Posted on 11/11/26 at 10:35 am to LSUtoBOOT
quote:
What does that have to do with the information on the map?
Map depicts net worth. Net worth includes home equity (for all states).
The CA home equity yo yo not depicted. Typing as recipient of dot.com equity builder that was life changer. Have also seen dark days in CA.
Posted on 11/11/26 at 10:35 am to LSUtoBOOT
The graph talks about the net worth per household. I suspect that the homeless population is either tied to "last known address" or not counted at all in OP's graph
Posted on 11/11/26 at 10:37 am to UtahCajun
Native Americans in New Mexico know how to profit from tourism. I just returned from a rte 66 road trip
Posted on 11/11/26 at 10:37 am to LSUtoBOOT
quote:
There’s a shite ton of people in California sitting on 300-400% equity in their homes
What does that have to do with the information on the map?
Market value of home = Asset
Debt remaining on home = Liability
Net worth = assets - liabilities
If their home has appreciated a shitload since purchasing, it significantly buoys their net worth.
Say you bought a home in California for $800,000 in 2010 and it is worth $2,000,000 now. You have $300,000 in debt remaining on the home.
For just this asset, your net worth impact is + $1,700,000. Pretty hard to have more debt than that to end up with an overall negative net worth.
These are very realistic type home appreciation numbers for areas of California.
Posted on 11/11/26 at 10:39 am to stout
I call BS on this chart.
There is no chance that the numbers for some states could be true relatively speaking to the other states. None. Not with the cost of living in Hawaii and California. Maybe they aren't considering Indian populations in New Mexico. And so forth. After all, the latest statistics reveal that about 63% of all American families live paycheck to paycheck and have no savings or retirement accounts whatsoever.
All I'm saying is that the numbers look entirely hokey for some states.
There is no chance that the numbers for some states could be true relatively speaking to the other states. None. Not with the cost of living in Hawaii and California. Maybe they aren't considering Indian populations in New Mexico. And so forth. After all, the latest statistics reveal that about 63% of all American families live paycheck to paycheck and have no savings or retirement accounts whatsoever.
All I'm saying is that the numbers look entirely hokey for some states.
Posted on 11/11/26 at 10:40 am to iglass
quote:
I call BS on this chart.
There is no chance that the numbers for some states could be true relatively speaking to the other states. None. Not with the cost of living in Hawaii and California. Maybe they aren't considering Indian populations in New Mexico. And so forth. After all, the latest statistics reveal that about 63% of all American families live paycheck to paycheck and have no savings or retirement accounts whatsoever.
All I'm saying is that the numbers look entirely hokey for some states.
It has a huge homeowner component.
People live paycheck to paycheck but own a home and the market value of that home is an asset in the net worth calculation.
This post was edited on 11/11/26 at 10:42 am
Posted on 11/11/26 at 10:41 am to stout
quote:
Hawaii sits at the opposite end of the map, with just 4.1% of households estimated to have zero or negative net worth.
this is more surprising than La leading the south.
Posted on 11/11/26 at 10:42 am to LSUtoBOOT
quote:
Correct, but wouldn’t the equity in houses have already been accounted for in the negative calculations?
I don’t even know what you are trying to ask
Posted on 11/11/26 at 10:42 am to CatfishJohn
quote:
Student loans probably a big component as well.
Has to be.
Posted on 11/11/26 at 10:43 am to CatfishJohn
quote:
Market value of home = Asset Debt remaining on home = Liability Net worth = assets - liabilities If their home has appreciated a shitload since purchasing, it significantly buoys their net worth. Say you bought a home in California for $800,000 in 2010 and it is worth $2,000,000 now. You have $300,000 in debt remaining on the home. For just this asset, your net worth impact is + $1,700,000. Pretty hard to have more debt than that to end up with an overall negative net worth. These are very realistic type home appreciation numbers for areas of California.
Absolutely, and wouldn’t that give a positive net worth?
Posted on 11/11/26 at 10:44 am to LSUtoBOOT
quote:
Absolutely, and wouldn’t that give a positive net worth?
quote:
Correct, but wouldn’t the equity in houses have already been accounted for in the negative calculations?
You've lost me.
California has a low % of negative net worth population according to the map.
Mingo said a bunch of California people have hugely appreciated homes.
You asked why that matters.
The answer is that appreciation in home market value is buoying their net worth.
This post was edited on 11/11/26 at 10:46 am
Posted on 11/11/26 at 10:45 am to stout
La doing better than MA, NY, ME, CT?
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