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i thought it was what your assets are supposed to be worth.

as in....people tapped into the equity of their houses, borrowing money against their supposed worth.

~"When an inner situation is not made conscious, it appears outside as fate." Karl Jung~

by melo (melometa4(at)gmail.com) on Sat Oct 11th, 2008 at 12:27:43 PM EST
[ Parent ]
You can use the word that way, provided you remember to substract the debt.
Which is why many people now have negative equity in their house.

Earth provides enough to satisfy every man's need, but not every man's greed. Gandhi
by Cyrille (cyrillev domain yahoo.fr) on Sat Oct 11th, 2008 at 01:34:38 PM EST
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