7. Why does having property which the investor is unwilling to sell mean 'Their total net wealth is larger than their investible assets, which provides them with a buffer to take a much higher leve...

An investor’s willingness to sell a Non-investible Asset impacts the extent to which it adds to Risk Capacity. Even if an investor is unwilling to sell a property a property, we feel that this none-the-less provides them with additional risk capacity relative to an investor without a home, because in a worse, worse case scenario they could sell it to fund future spending. But if you don’t agree and want to take a more cautious approach you could simply choose not to enter the home into the risk capacity tool.