I get that owning a house is preferrable to renting (excluding certain short-term circumstances or an overpriced market), and that it behaves in ways beyond just a simple purchase. But like I said on that thread, you can't liquidate your own house because you'll need another house. Unless you plan to move from a high cost of living area to Jackson, Mississippi then like your neighbors, you're just going to take your cash from your sell and put it into a similar home.

Investment properties obviously change this calculus, but you should never calculate the entire price of your home as part of your net worth, because you will need some large portion of that house to purchase your next house.