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Alaskans do segregate their State government elected officials there Since it can only be reaced by plane or boat, less chance of them escaping. (former Alaskan here.)
I'm not surprised. You pretty much have to be to own a home there these days.
To buy one today with cash, I would say so. However, the list came out a few years ago, before prices really went through the roof. Also, real estate holdings do not count in determining this status.
To buy one today with cash, I would say so. However, the list came out a few years ago, before prices really went through the roof. Also, real estate holdings do not count in determining this status.
What is funny is to think that one "really owns" a home. Even after fully paying for it, the city or state owns it. Maintenance costs and property taxes never end
To buy one today with cash, I would say so. However, the list came out a few years ago, before prices really went through the roof. Also, real estate holdings do not count in determining this status.
Why not? I've always found that to be bs. Real estate prices fluctuate less than stock prices.
Home equity is an asset on any balance sheet, so why isn't it counted by these rating entities?
Our home is worth $1.2M, & there's no mortgage. We are in a stable real estate market. I dont need anyone to tell me that our equity is real, but I find it odd that others want to void this equity from our net worth.
Anyone know why? Is it the top 1% trying to hide assets & real net worth?
Why not? I've always found that to be bs. Real estate prices fluctuate less than stock prices.
Home equity is an asset on any balance sheet, so why isn't it counted by these rating entities?
Our home is worth $1.2M, & there's no mortgage. We are in a stable real estate market. I dont need anyone to tell me that our equity is real, but I find it odd that others want to void this equity from our net worth.
Anyone know why? Is it the top 1% trying to hide assets & real net worth?
Perhaps home values were excluded simply as a way to be more balanced and selective when comparing small cities. Wouldn't every home owner in Vail, Colorado for example be a millionaire if their home value was included?
Otherwise, including home equity when calculating your net worth certainly seems valid to me.
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