Housing crash, page-185

"A nation where everybody is self employed is totally impractical."
That may be. But it doesn't change whether it is true or not in the sense of wealth creation.

As for point #4.
Buying your own home and paying it off before retirement locks in your accomodation cost in today's (or 10,20 years ago) dollars. Plus some maintenance and rates. Whereas if you have to rent, your rent will be going up every year from the day you didn't buy a home until you either die or move into a nursing home. You have also held an appreciating asset for a number of decades which can be sold to fund lifestyle or other needs.

So again, from a wealth creation point of view, for the majority of the population who simply will not follow a strict investment strategy to equal or better the returns of a PPOR, owning you own home is the first step towards a financially enjoyable retirement.

You can't really argue that.

Or maybe you can?