The government and banks want you to buy a house, period. You keep money coming into the economy. Your house is where you live. It is only worth what someone will pay and you only can call it savings if you SELL IT for more than you paid for it. A real savings account is money you have put away into an account and can withdraw without any type of penalty. Can you get the equity from your home by just pulling the money out of a bank account interest free? Nope. A house is an asset that can be borrowed against and also, will likely be worth more than you paid for it IF you sell it. You better hope that it is worth more later, if you decide to tap it for a loan above what you already owe on the mortgage. It just boggles the mind that people think the house is savings. Money put into a bank account or under the mattress is savings for a rainy day. The equity in your home is just another bill if used before the home is sold. My two cents.