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, as it represents a major concentration of risk.
Worse still, this risk is not random: it falls most heavily on low-income buyers, who receive worse financing terms and whose neighborhoods are systematically more likely to have lower or even declining home values, leading to devastating consequences for the racial wealth gap.
