Subject: Re: OT-top 1% Net Worth
"But if you think it is a practical consideration than consider just the impact of home ownership on people in my family"

But it's just luck that your family happened to be in CA. What if instead they were in Kokomo, IN instead of in San Diego? If that were the case, their homes ALSO increased, but only 2X or maybe 3X if they were lucky.

It's the same argument as someone who says "Hey I beat the S&P500 over the last 10 years by a heck of a lot ... because I invested half my money into Nvidia". What if, 10 years ago, they chose IBM instead of Nvidia?