It’s not necessarily that housing/land shouldn’t be an investment, but that: 1) it’s a market that is exceedingly difficult to exit. If you still at the top of

It’s not necessarily that housing/land shouldn’t be an investment, but that: 1) it’s a market that is exceedingly difficult to exit. If you still at the top of the market, you generally have to also buy your next home at the top of the market as well 2) because of the disproportionate amount of peoples wealth is tied up in their home, it makes their overall wealth poorly diversified. This leads them to protect this one asset more than anything else