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Quick qstn - I'm receiving HRA of 24075 from my employer but I would like dhow the rent paid as 96k p.a (while filing ITR). Even if I do so, I was only able to get exemption of 24075 from gross. Checking if we can speak to payroll department to increase Actual HRA since I'm actually paying more rent than compared. Will I be able to do so ?Deloitte Newco EY Accenture Genpact KPMG
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Years ago I used to have Zillow linked to my personal capital but it bounced around too much. Now, I take my best estimate of what I could sell it for, which is relatively close to Zillow, and discount it for selling costs and a bit more to be conservative. I only revisit every 2-3 years.
Some people just use the purchase price and don't adjust, just let the monthly mortgage payment slowly increase the net value. I like the simplicity of this but that would be materially less than the price I could sell it.
Too granular. Just use a consistent measure. It’s directional anyway.
Rising Star
I use Zillow. In California, Prop13 means that assessed value is very different from actual value.
I use Zillow and subtract estimated closing costs upon a future sale (approx 6.5% of value)
Are you talking about your home or other real estate holdings?
Personally, I don’t include my home in my net worth and only count my cash and investments on the assets side, nor do I include my outstanding balance on my mortgage.
After all, you’re always going to have to pay for housing, regardless of what happens in your life, so to me, it doesn’t make sense to include those two items (home and outstanding balance of the mortgage) in my net worth.
I just prefer to keep what I am looking at as my net worth to assets that are easily converted to cash, since my only real estate holding is my home, which I don’t view as an investment. It’s just where I live, and by owning my home, I simply have more autonomy and control over my dwelling.
People view things differently. It’s what makes the world that much more interesting.