> And beside serious investors, for the typical individual, a home loan allows them to leverage funds that are unimaginably beyond what they could raise for inv

> And beside serious investors, for the typical individual, a home loan allows them to leverage funds that are unimaginably beyond what they could raise for investment with vastly more safety. Not that I suggest it would be better if half the population could and did buy stocks on unlimited margin or the like. This is a very important point. Buying real estate is the most accessible way for an average-income household to get leverage - at least in the US where heavily leveraged financial products like CFDs are not easily accessible (at least to my knowledge). But in my opinion this another argument against investing into real estate because lots of uninformed buyers are in the market with increasing amounts of leverage leading to rather dramatic boom and bust cycles (like in the housing crisis of 2008).