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> and if you don't own one, you're not financially smart for some reason. At least this is according to the hivemind at /r/personalfinance.

The government will give you a bunch of free money to leverage an investment in real estate. This isn't true of other investments.



And this free money, much like government guarantees for student loans, has only exacerbated the situation between the haves and the have nots.


most investment assets can be financially leveraged. IMO suburb home ownership provides more of an illusion of financial security and leverage than the real thing. being able to buy a house, condo, or apartment in an urban area is a much more significant marker of financial success than doing the same in a heavily subsidized development with limited economic productivity.


> most investment assets can be financially leveraged

Yes, but for most of them you need to convince someone else that giving you the money is a good idea.




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