[sixmil]

Americans' net worth is almost totally their houses, so you can only continue to quote this while housing is still in a bubble. Should that bubble pop, this same figure will really start to work against you. You may want to think up another defense so that you have something when this canard falls off.

[Toddsterpatriot]

Americans' net worth is almost totally their houses, so you can only continue to quote this while housing is still in a bubble. Should that bubble pop, this same figure will really start to work against you. You may want to think up another defense so that you have something when this canard falls off.

Home equity (the value of the home minus the mortgage amounts) constituted the largest share of household net worth, accounting for 32.3% of total net worth in 2000.

I guess it depends on your definition of almost totally.

Net Worth and Asset Ownership of Households: 1998 and 2000

Page four, middle column.