I would consider buying a house being long only if they bought the house cash only. And it has a negative carry (maintenance costs/tax). Probably better off bei

I would consider buying a house being long only if they bought the house cash only. And it has a negative carry (maintenance costs/tax). Probably better off being long a REIT and renting if you wanna play the investment game with housing at this point. Most people are leveraged long with that negative carry (plus interest rate payments), and on the hook for the downside risk. At this point in time, I prefer to rent somewhere cheap (at least until global housing prices comeback down from low earth orbit and wipe out most of the leveraged long negative carries like a dinosaur extinction event), and be long equity volatility and short corporate bonds.