The term "house rich, cash poor" implies

Name: The term "house rich, cash poor" implies
Brand: Quizplus
Rating: 4.7 (51 reviews)

Question

Quizplus · Accepted Answer

"House rich, cash poor" means that while you may have a valuable asset in your home, you have limited cash available because the majority of your wealth is tied up in the equity of your home. So, option C - you have equity in your home, but little money in the bank - is the best choice. The phrase doesn't necessarily imply a big house or a higher income, nor does it suggest that you are unable to sell your home.

The Term "House Rich, Cash Poor" Implies