It’s all this but don’t underestimate predictability. If you own a home with a fixed rate mortgage you know what your payment is and it doesn’t change. You know where your kids are going to grow up.

Sure you might need a new roof and insurance and taxes fluctuate but that’s a BIG BIG deal as anyone who’s rented and been at the mercy of markets can tell you.

This is even more true now as the rental market (like so many markets) is coming to be dominated by corporate landlord La using revenue extracting software.