net worth includes assets... so only if they were underwater on their mortgage.. and with the house prices in the US, I don't imagine there are a lot of people in that situation (at least since the subprime mortgages have all/mostly been foreclosed on by this point).
Okay. Thanks. But I'm gonna have to call that a false god none the less. Wealth on paper (i.e., stock) is bad enough, but to assume (<< keyword) that some fraction of your house is worth $X and is "money in the bank" seems foolish to me.
Let's not forget that when you get a mortgage for say $500k, that's not what you end up paying (in total). The total and real cost of that loan is much high.
