This and similar schemes all ignore the benefits of diversifying. You want don't want to invest in your area (or your employer, etc.), because in that case, if

This and similar schemes all ignore the benefits of diversifying. You want don't want to invest in your area (or your employer, etc.), because in that case, if your area has a crisis you lose not just your job, but also your investments. The justification given for it just bizare. For example: >A 2019 report found that Americans over 65 who own homes have a median net wealth 47 times larger than renters of the same age. Correlation/Causation anyone? Invest in index funds instead.