Yeah it kinda baffles but then some people sees value in owning a house as their ultimate investment I guess this is because they have a lot of money to throw around. When better forms of investment lies in something even more profitable
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In my experience from what I was taught and learn from talk with my peers they see it as a “safe” investment because it’s something tangible because they crippled by the thought of risk and don’t know how to handle money or actually being an active investor
They sit on savings and a home and lose money each year and that’s what banks want you to do
The miseducation of finance is done on purpose these myths are there thag a home is an investment because it benefits a select few