> I mean how much more are the prices going to go, so that's clearly not an investment. Except it is. You forget that in most scenarios your initial capital

> I mean how much more are the prices going to go, so that's clearly not an investment. Except it is. You forget that in most scenarios your initial capital and what you paid toward the place is still there, and you'll keep paying it even if you wind up underwater, and you can generate cash flow from the place, and a lot of that is tax deductible, resulting in decent windfalls from the government annually. Its an ok place to park your money. Yes, there is risk of loss and illiquidity.