I'm not a fan of housing as an investment but ignoring that it is an investment is a social form similar to tax evasion. This author owns there own home and ev

I'm not a fan of housing as an investment but ignoring that it is an investment is a social form similar to tax evasion. This author owns there own home and even if they have an infinite length mortgage they are likely to end up with new principal to do a reverse mortgage on and similar investment return to someone buying on margin with no interest. It's basically just moving the elitist pension system from the job to the housing. The author ending up at an inheritance of no value is not all that different than someone leaving only the house if houses weren't an investment and they had a pension to death. The house acted as a vehicle to give them all the investment structure they lacked. The problem with this situation is the people who are excluded from home ownership and paying rents.