Housing is a terrible investment, by the way. Real returns of around ~2% a year. And no, the recent run-up does not change that much at all. People only perceive it as a good investment as it’s forced savings.

But I don’t need that. I save without being compelled to do so.

We only bought a house when its expected investment “returns” could be in the sharp negative and we’d still financially be ok. That’s not the only time you should buy a house. That is up to you and depends on your risk tolerance and financial status. But you won’t even beat a money market fund with housing unless you get really, really lucky.

Housing as an investment is BS in all sorts of ways.