It feels weird crossing over the $1MM mark this month. We've had a very significant increase in "net worth" this past year due to real estate appreciation. I am valuing our house and our two rental properties based on Zillow, but to be honest I think if we were to list them today, we could probably get an extra $200k out of all of the properties combined, at least. On the other hand, if/when the economic house of cards collapses, these paper gains will go away. So, I'm not really sure how to feel. On the one hand I feel like we made it over the threshold based on a conservative estimate of today's market values, but on the other hand, I feel like it could go away in an instant if the economy takes a turn south. |