It is irrelevant to his point whether he does or not. Lots of people who are well off own $100k+ non-classic luxury cars or at higher levels yachts and such, t

It is irrelevant to his point whether he does or not. Lots of people who are well off own $100k+ non-classic luxury cars or at higher levels yachts and such, the difference between those and houses being that no sane person would argue the cars or boats are a good financial investment. OTOH, with houses and other forms of real estate the idea that they are universally a good investment is widely seen as accepted wisdom to the point where it is almost a religious belief.