Considering that most people live in their houses 5 years or less, home is not really “home” in the traditional sense. We are now a highly mobile society and we should view houses in that light.

Of course each family’s situation is different but mobility and liquidity are important factors for the vast majority of the population.

BTW, a highly mobile society is great for the RE industry because is creates churn. Brokers don’t really care about appreciation. They would much rather have growth in transactions.