Here is a snapshot of our net worth for the last month.
Basically, things were moving in the right direction with the exception of Property. Let’s just say that the housing market sucks and leave it at that. Looking at prices around the neighborhood, I’d say it’s gone from ‘maybe’ to ‘certainly’ that we’re underwater; in other words, we would not get what we currently owe.
Luckily, there are two things that make that easier to swallow. First, we’re not planning on moving anytime soon, and second, the thought has never crossed our mind to do anything but continue paying and wait for things to improve. We love our house, we haven’t had a devastating job loss, and we’re not societal deadweights that think it’s OK to abandon a house because it’s worth less than what you could get for it.
Anyways, on a more positive note, we saw gains elsewhere that are very encouraging.
Actually, our net worth excluding our house is nearly at a record high, as is our retirement. The fact that these two are approaching this milestone at the same time is pretty much expected, since retirement is the biggest chunk of our net worth at this time.
That shows that we’re doing some things right: We’re investing, we’re paying off debt, and we’re saving. That sounds pretty good to me.