Americans are generally house-rich and cash-poor: "[H]ousing wealth of U.S. households at the end of 2008 was 25.4 trillion dollars."
More here: https://willworkforjustice.blogspot.com/2017/03/consequences-of-housing-inflation.html
America's Love Affair with Housing: A Fatal Attraction?
Why do so many Americans have so little savings and so much debt?
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