[simonbarker87]

First house was in the North of England, took 4 years to save up enough.

[thereticent]

Are you in the black as a household overall?

We aren't yet. Our projection is that we will be in 5-7 years. I'm turning forty soon.

Just to give you an anchor point.

[koolba]

What does “in the black” mean at a household level? Total assets minus loan balances being positive?

[thereticent]

Sorry, yes. I was thinking net worth > 0.

[simonbarker87]

Ah, I was wondering too but my reply button was gone, yes I would say we’ll be net > 0 around the same time as you age wise. If we hadn’t had to renovate a 60s property we’d possibly be there already but UK housing stock needs work sadly.

[whateveracct]

Does home price count as an asset in this "in the black" calculation?