I am generally inclined to agree with your last point, <i>however</i> it is possibly to be wealthy but to have very little liquidity. It has been the case that folks in the US who are on a fixed income (e.g. Social Security or disability) end up losing their home simply because they can&#x27;t pay their property taxes and eat at the same time. It&#x27;s rare but it has happened and will continue to happen as long as property taxes remain the large source of revenue that they are for state and local governments.