----- Original Message -----
From: "Erik Reuter" <[EMAIL PROTECTED]>
To: <[EMAIL PROTECTED]>
Sent: Sunday, January 26, 2003 2:57 PM
Subject: Re: Wealth trends and Bush's tax cuts

> Do you mean net worth includes the equity one has in one's home? It
> doesn't seem to make sense to add the mortgage liability as positive in
> net worth -- net worth would be assets minus liabilities.

Let me use brackes and o better express what I meant

Net worth includes (the value of one's home)  - (outstanding mortgage),
which is the equity one has in one's home.



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