Comments on: May 2008 update http://www.bluntmoney.com/may-2008-update/ Thu, 17 Dec 2009 12:51:43 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Ted http://www.bluntmoney.com/may-2008-update/comment-page-1/#comment-38181 Ted Mon, 02 Jun 2008 18:51:49 +0000 http://www.bluntmoney.com/may-2008-update/#comment-38181 I would tend to leave the home value at the last appraised value since shifting it around is guesswork unless you happen to be an appraiser or real estate professional. Adjusting big ticket item values in your net worth statement tends to swamp out the little factors. In general you have more control over the little factors than the market prices of big ticket items, so that information is more important. I would tend to leave the home value at the last appraised value since shifting it around is guesswork unless you happen to be an appraiser or real estate professional.

Adjusting big ticket item values in your net worth statement tends to swamp out the little factors. In general you have more control over the little factors than the market prices of big ticket items, so that information is more important.

]]> By: bluntmoney http://www.bluntmoney.com/may-2008-update/comment-page-1/#comment-38166 bluntmoney Sun, 01 Jun 2008 16:33:13 +0000 http://www.bluntmoney.com/may-2008-update/#comment-38166 Oh I like having the snapshot. I don't adjust home or car values anyway unless there is a major change in either direction. I include them though because they ARE worth something. We'll probably live here at least 3 more years, maybe a little longer. Oh I like having the snapshot. I don’t adjust home or car values anyway unless there is a major change in either direction. I include them though because they ARE worth something. We’ll probably live here at least 3 more years, maybe a little longer.

]]> By: Matt http://www.bluntmoney.com/may-2008-update/comment-page-1/#comment-38165 Matt Sun, 01 Jun 2008 15:53:20 +0000 http://www.bluntmoney.com/may-2008-update/#comment-38165 Having the value of your home really sucks but for me this is a perfect example of why I'm not fond of a net worth statement. Its nothing more than a snapshot of where you're at financially and doesn't really paint the whole picture. If you plan to live in your house for many years then the month over month value of your home isn't as crucial as being able to maintain a positive cashflow. The markets will bounce back (eventually), here's hoping that you're not planning to move prior to that. Having the value of your home really sucks but for me this is a perfect example of why I’m not fond of a net worth statement. Its nothing more than a snapshot of where you’re at financially and doesn’t really paint the whole picture. If you plan to live in your house for many years then the month over month value of your home isn’t as crucial as being able to maintain a positive cashflow. The markets will bounce back (eventually), here’s hoping that you’re not planning to move prior to that.

]]> By: Mom @ Wide Open Wallet http://www.bluntmoney.com/may-2008-update/comment-page-1/#comment-38164 Mom @ Wide Open Wallet Sun, 01 Jun 2008 15:01:11 +0000 http://www.bluntmoney.com/may-2008-update/#comment-38164 Our house price is dropping like a rock too. stinks. I hope it stops soon! It's gone down over $100,000. Insane! Our house price is dropping like a rock too. stinks. I hope it stops soon! It’s gone down over $100,000. Insane!

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