Home ownership makes people poor by discouraging moves to optimize opportunities. Additionally, this prolonged period of high house price appreciation is an an

Home ownership makes people poor by discouraging moves to optimize opportunities. Additionally, this prolonged period of high house price appreciation is an anomaly that cannot be sustained. House prices are supported by incomes which are not growing at the same high rates. Historically houses are depreciating assets because critical components such as the roof and essential utilities like plumbing require regular maintenance and replacement at intervals between 15-50 years depending on durability and conditions.