Yeah. The problem with housing is that people are told "the house is an investment". Houses are lousy places to grow capital. Their primary method of generating

Yeah. The problem with housing is that people are told "the house is an investment". Houses are lousy places to grow capital. Their primary method of generating a meaningful return on your investment is the imputed rent. But you have to consume the imputed rent immediately. Some spending on housing is inevitable, and some is just consumption. Investing in a house to secure the former is responsible; the latter is luxury and irresponsible if you can't afford it. Also, people underprice issues like maintenance and risks as a matter of routine.