> For most people, their home investment represents a large part of their net worth. From a diversification perspective, it's a catastrophe. It's not even a div

> For most people, their home investment represents a large part of their net worth. From a diversification perspective, it's a catastrophe. It's not even a diversified investment in different real estate assets, it's one asset in one location. This means it is also a bad move in terms of optionality. If crime rises in your neighborhood, the school closes, or if you have a good job opportunity elsewhere, it's very hard to move. If a crisis happens at this location, an investor can lose a lot of their net worth and can wait up to 15 years for the recovery. Full stop. Housing is not supposed to be an investment. You buy a house because you need a place to live, not to turn a profit. If you treat housing as an investment, good for you. But I couldn't care less about the fact that housing isn't as good as an investment as the stock market. If crime rises or whatever, then you sell, and you take a loss. I certainly don't expect to sell my old clothes for a net profit when they wear out. Or my car, or any of the things I own out of necessity. Stop thinking about money.