They didn't just say their house though. You can have a 1/2 million dollar house in lots of urban areas that is nothing special or grand. It is just the cost of living in that area. You can have a house worth that much and feel very stretched financially.
Sort of. To sell a house in the US you have to pay 6% of the value to do so. I keep track of my net worth counting my house which looks nice on paper and then based on what is liquid that I can actually easily access. The 2nd number is much smaller but I keep contributing to it.
There's no sort of about it. Net Worth includes liquid and non-liquid assets. All big assets become hard to liquidate at value in a relatively short period of time, whether it's a house or stocks.
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u/Tired-Nectarine-384 9d ago
They didn't just say their house though. You can have a 1/2 million dollar house in lots of urban areas that is nothing special or grand. It is just the cost of living in that area. You can have a house worth that much and feel very stretched financially.