this post was submitted on 29 Jan 2024
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FIRE (Financial Independence Retire Early)
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Just a question for people calculating PNW (personal net worth). For real estate, are you using the purchase price or the current market value?
In my case, I bought a house in 2018 and Zillow says it's worth 68% more right now. I think the Zillow figure is too high, but the purchase price is unrealistically low as well. Or maybe I should split the difference and add 34% to the purchase price and use that.
I just update my house value once a year with a close approximation to what Zillow says is the value. So if Zillow shows my house is estimated at $515000, then I will input that it's $500000 in my spreadsheet for this year.
It may go up or down throughout the year, but since I have no plans to sell I don't really care about the noise.