What about keeping your primary residence's mortgage to something low enough that you could reasonably cover with an easily obtainable emergency fund. Then inc

What about keeping your primary residence's mortgage to something low enough that you could reasonably cover with an easily obtainable emergency fund. Then include unimproved (or improved) land with no buildings on them in your asset mix. The main thing that increases with housing is the land that the house sits on. With no house, you can hold the land without any maintenance costs. Unimproved land has lower taxes. Of course, in this case you are using land as a store of value. What is better is an asset that returns value without having to sell off pieces of it. So land with a rent-able building on it can be both a store of value and a true investment (that returns monthly dividends). But it also comes with upkeep costs and risk.