For a large number of Americans, their house is a MASSIVE portion of their total wealth. They likely plan to leverage that into retirement (sell and downsize/m

For a large number of Americans, their house is a MASSIVE portion of their total wealth. They likely plan to leverage that into retirement (sell and downsize/move out of the city) and/or leave it to their heirs. Should housing be viewed as an investment in this way? Possibly not, but between various tax incentives and restrictions on supply, that's what we've decided we want (as a society, for better or worse).