The attraction of buying a house has always been (to me) the leveraging of the money. I can buy a $500K house for $100K down and the X% appreciation applies to the full $500K.
Better yet, I can put 5% down and buy the same property. Then the X% appreciation of a property turns into X% times 20 return.
Better yet, I can put 5% down and buy the same property. Then the X% appreciation of a property turns into X% times 20 return.