Treating everything as nothing more than a financial asset is way too reductive. My point here is that housing is not only a financial asset, and should be tre

Treating everything as nothing more than a financial asset is way too reductive. My point here is that housing is not only a financial asset, and should be treated as more than just a financial asset. Or if you want to take an economic approach here, you need to come up with a utility function that more accurately reflects what we care about—we think that two people who have housing is a better situation than one person who has two houses and one person who has none.