The article makes the following statement:
Net worth, as every financially precocious schoolchild knows, is the sum of one's assets -- home equity, investments, savings accounts, retirement funds, cars, furnishings and such things as jewelry, furs, wine collection, old baseball cards -- minus all outstanding liabilities such as mortgage balance, revolving and credit card debt, college loans and so on
Is this correct (see the bold): net worth includes "home equity"... minus "mortgage balance"? Shouldn't this be "home value" minus "mortgage balance"?
yep.