[x5452]

Americans ARE overleveraged. And further they are overleveraged to largely foreign owned banks.

Should the resale value of a primary residence be counted, independant of the expenses on the house as savings without proof of the status of it's value?

[1rudeboy]

And further they are overleveraged to largely foreign owned banks.

Oh no, here we go. So these cars that are liabilities will be repossesed and shipped to a vault in Dubai?

[Toddsterpatriot]

Americans ARE overleveraged. And further they are overleveraged to largely foreign owned banks.

Based on what, your feelings? How about some facts from someone more credible than you? You know what a fact is, right?

Should the resale value of a primary residence be counted, independant of the expenses on the house as savings without proof of the status of it's value?

Proof of value can be estimated by similar houses recent sales. Are you saying we should ignore the $19.1 trillion in household real estate? Can we ignore the $8.2 trillion in home mortgages too?

[expat_panama]

Americans ARE overleveraged. And further they are overleveraged to largely foreign owned banks.

That's not true of average Americans.  Your error could be caused by a number missteps.  One possibility is that you're relating anecdotal or personal experiences in which case, we can't help you.   Americans on average, have a lot more in the black (on the plus side) than ever before.   

Another possibility is that you're confusing public debt (or the national debt) with private debt.   It's true that the bite that public debt took out of private wealth rose during the 'malaise days', but for years even that's been going down.