I understand your point of view, but I'm not aware of any society in which housing is not considered an investment; unless we're talking about utopic scenarios

I understand your point of view, but I'm not aware of any society in which housing is not considered an investment; unless we're talking about utopic scenarios or communist economies where the state owns all property, or ex-communist countries where the vast majority are home-owners and tenants/landlords are a minority. Agree that for most home-owners, it'd be a mistake to regard their own home they live in as an investment. FWIW, I have no dog in this race, I'm neither a landlord nor a tenant (I -and my mortgage provider- own the home I'm living it).