[dionidium]

This is more of an argument against investing at all than it is specifically about housing. Obviously, if you want upside, then you have to tolerate some level of risk. If the argument is just, "things could go badly in your life at exactly the time you're in the red," then that's true of anything.

[refurb]

The argument was buying a home using debt is a "high upside/low downside" bet. It's not. Leverage works both ways.

Leverage amplifies upside and downside.