(Jewelry (as in your diamonds) are not liquid assets either.)
A primary residence is even less liquid for the reasons PP stated. Sure, you can sell it but then what? You still have to live somewhere so you can't use that money for something else, you'd have to buy another home at which point the money is locked up in real estate again. The only time you can extract that wealth into cash is if you can downsize to a much smaller home, or move to a much cheaper area.
So yes, a primary home is real wealth, but it is as far from liquid as any form of wealth can be.
Real estate is not a liquid asset by the definition of that term. Example:
https://www.investopedia.com/ask/answers/032715/what-items-a...
(Jewelry (as in your diamonds) are not liquid assets either.)
A primary residence is even less liquid for the reasons PP stated. Sure, you can sell it but then what? You still have to live somewhere so you can't use that money for something else, you'd have to buy another home at which point the money is locked up in real estate again. The only time you can extract that wealth into cash is if you can downsize to a much smaller home, or move to a much cheaper area.
So yes, a primary home is real wealth, but it is as far from liquid as any form of wealth can be.