[dpg]

Originally Posted by ITD

I respectfully disagree. Life is full of choices, choices have consequences. A million dollar house is not "worthless". I agree it is a less liquid asset than cash, but it can generate income and like anything else you own, it costs money. Ultimately, should it be sold, it will put $1,000,000 into your bank account, so it's not worthless, it's actually quite valuable and up until a year or two ago, year to year has been a much better investment than the stock market. As far as values changing dramatically, welcome to the world of money. Investments can change dramatically. In this country, if you have a million dollars, somebody wants to tax it.

brk-int is correct. Technically your a "millionaire" when you have "readily available", spendable assets such as cash, bonds etc. Living in a home worth 1.3 mil doesn't clasify you as a millionaire.