The situation is known as “house poor” – when a disproportionate amount of an individual’s savings is tied up where they live. They have a lot of money, but it’s all tied up in the bricks and mortar.
http://www.bnn.ca/News/2015/6/8/Is-your-house-your-retirement-plan.aspx#
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ASKING $1,328,000
16-4411 WILLIAMS ROAD, RICHMOND BC (click on image for details)
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