Promoting homeownership as an investment strategy is a risky proposition. No financial advisor would recommend taking on debt to put such a large portion of your savings into a single financial asset, whatever it may be, due to the high concentration of risk.
Worse yet, this risk is not random: it falls most heavily on low-income buyers, who receive poorer financing terms and whose neighborhoods are systematically more prone to lower or even declining home values, leading to devastating consequences for the racial wealth gap.
