> Housing is consumed as you live in a place, the wear and tear that occurs. the building is consumed. But housing is more than just the building - the locatio

> Housing is consumed as you live in a place, the wear and tear that occurs. the building is consumed. But housing is more than just the building - the location is also part of said "housing". Location doesn't get "consumed". And in fact, it is the location that appreciates (while the building itself does depreciate over time). The investment is not in the building (tho you do pay for it - minus the depreciated portion i suppose, if you're a savvy buyer). It is in the location.