Net worth, calculated by subtracting liabilities from assets, had increased 13% in 2003, 9.7% in 2004 and 8.5% in 2005
Yes, it has. Despite ever increasing triple deficits.
But then again, you already know that too (but you won't admit it).
Why wouldn't I admit it, it's the truth. How about proving the "truth" you claimed about real estate?
Feel free to take a look-see at Mase's FED link in post #113. Go to page 110 of the link and see how much of household net worth appreciation is tied to real estate.