I guess it depends how well people prepared themselves.

I own two houses (well, one is still with mortgage). The first one was paid off in 10 years. I bought the second one 4 years ago, about 4000+ sqrt ft. The rent I received from the first house pays more than half of the second one; and I got write off a lot of expenditures.

One thing I agree, that is absolutely negative of owning a house, is buying one without plan ahead. People need to look at the maintenance. The cost of a house is much more expensive than just mortgage. Not to mention people lose jobs during the pandemic.

Just like crypto, don't listen to Elon's tweet before rushing into buy/sell. I agree people like that should not buy houses until they learned how to manage their finance. However, home buyer with proper research, and plan ahead of the next 10+ years, which literally every one could if they are willing to do so, can make right decision and getting more benefit out of it.

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