That is equivalent to any investment. The difference is that the property still generates income if not capital total gain. A depreciated stock generates no di

That is equivalent to any investment. The difference is that the property still generates income if not capital total gain. A depreciated stock generates no dividend. Moreover there is a floor on a value of a home unless you let it completely unmaintained or it gets bombed in a war. There is no floor on stocks. There is such a floor on some material futures. (Though probably lower.)