[dionidium]

I just want to make it clear that this is a choice you're afforded because of the value of your home.

You (quite literally) have a million-dollar offer on the table to move to, say, Austin, TX (or dozens of other great cities). The fact that you choose not to accept that offer does not negate the existence of the offer. The offer is always there. And this is a very real asset that you have (that, I hope it's clear, most people don't have), whether you choose to acknowledge it or not.

[soft_serve]

Not if your source if income isn't there, or if needed amenities aren't nearby.

[dionidium]

I'm sorry, but no. If you have a million-dollar gold statue of a pig that you're unwilling to sell, your unwillingness doesn't even enter into it. You still have the million-dollar statue and it's still worth a million dollars. It doesn't matter what rationale you provide for not selling it. It just doesn't matter. Those reasons seem important to you. But they aren't important in assessing the value of the statue.

[quesera]

You can't live in a statue of a pig.

Value of primary residence isn't even considered part of your net worth. It exists, but it's not fungible like other assets.

[dionidium]

This response is why you should never use analogies.

[quesera]

I used the pig statue analogy in the same sense as your original.

Anything you own that has value, but is not your primary residence, is intrinsically different from your primary residence.

And that difference is reflected in standard financial metrics.