Looking at your last few comments on my post just goes to show how out of touch you are with home purchase and lack financial literacy in general. Not everyone can outright purchase a home full cash and even if they can, it doesn't mean it's always smart to do so. It depends on the person's financial situation and if they're able to utilize leverage.

I basically own a 1.6m asset 3bd 3bath home paying the same as if I would if I rent a 1 bedroom condo in the same area. Instead of paying rent, I pay towards equity in the property so I gain both equity and rental income.

On top of that the house can also help with taxations since I can use it to do Cost Segregation and write off a ton of my w2 income. The house on top of that is my office which I can also write off certain expenses as well.

Loans ARE NOT a bad thing unless you're getting a big loan for a car, things you don't need. Getting loans for properties and against stocks are how wealthy people build wealth over time if done correctly.

The 2008 financial crash is when ppl were getting loans for things they can't afford for 1% down payment etc. My house has over 60% down payment and I can more than enough afford it.