[Dylan16807]

> When you make housing an investment, by definition, it has to become less affordable in the future.

It doesn't have to. Even if it just matches inflation you could call it an investment. If it keeps up with wage growth, that's a pretty good investment that doesn't force it to become less affordable. Or it could be somewhere in between, and then housing would be a reasonable investment and increasingly affordable over time.

The issue isn't that it's an investment at all, it's that it's much too good of an investment for multiple reasons.