Well not to dispute some of your points but let me introduce another concept here. That is the act of 'forced savings'. And example of this is when you build eq

Well not to dispute some of your points but let me introduce another concept here. That is the act of 'forced savings'. And example of this is when you build equity in something that doesn't appear to be a good idea in the long run financially when compared to another alternative. Ok here is an example. Let's say that your home that you are paying a mortgage on offers a 5% increase in value per year (totally made that up) vs. putting the money in a money market that pays 6% per year (definitely totally made that up). On the surface the money market is a much better return let's stipulate and observe. After all you have liquidity and I will even further assume that the 6% is guaranteed. But wait a second. If the money is tied up in a house you can't spend it. In the money market you can. So the house is forced savings and in the end you might very well end up with more, all else equal. I say this as someone who just took cash that I had and bought a sort of expensive car by the way. Realizing that if I had the money in more real estate (which I also own) I most likely wouldn't have bought the car (since I don't like to finance or lease even though in theory it can make more sense financially).