So 404 , I assume you are not disagreeing with me, just lecturing me? Your primary residence is there to keep the rain off your head, it is not an ATM. While it cannot appear as an asset on your income earning capital, its mortgage is most definitely a liability. Those who forget this simple truth get to suffer later on, which is exactly what has been happening. In my own case, I do not know what my house is worth but I do know exactly what I owe on it.