2 ms·Is a home considered an illiquid asset? Every homeowner in CA could count as a "millionaire"by Hydraulix989 3y agoIs a home considered an illiquid asset? Every homeowner in CA could count as a "millionaire"dharmab 3y agoReal estate is illiquid. At best it takes months to convert it to cash.JJMcJ 3y agoSometimes it can be done faster but that requires a deep discount to attract professional flippers.bdcravens 3y agoOnly if they've paid off that home ("net worth")