I agree with your post but wanted to add an important caveat: Houses do NOT appreciate - the property (land) does. There are rare exceptions for historical re

I agree with your post but wanted to add an important caveat: Houses do NOT appreciate - the property (land) does. There are rare exceptions for historical reasons (e.g. a Frank Lloyd Wright house), but otherwise this is fairly fundamental. Houses technically depreciate because they require maintenance just like cars do (although with a much friendlier slope).