Note: Before reading the following arguments, please understand that they are not what I believe. On Wednesdays, I deliberately argue for wrong ideas, challenging my listeners to call and defend the obvious right answer, which is usually far harder than one would expect. This is a summary of what Wacky Andrew will be arguing, not a representation of what real Andrew believes.~The value of such a substantial investment is entirely subject to the vagaries of fluctuating markets.
~They cost a ton of money: To Buy, To Sell, Property taxes, Maintenance supplies, Maintenance service, Insurance, etc.
~They aren’t a good investment vehicle. Why do banks buy mortgages rather than houses.
~They cost a lot of time in upkeep and repairs.
~Theft, vandalism, and other issues cause concern and attachment issues.
~Liability
~You have to deal with HOAs much of the time.
~They’re such an extravagant thing compared to most of the world over history.
~You feel entitled to live as a king two hundred years ago wouldn’t have even imagined.
~What kind of a house did Jesus own?
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