Maybe. I think when times are good it seem like that (right now) but when times are tough they can be stuck owning things that lose money. There is some risk in ownership.
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You lose close to zero money owning land even in down markets. That's why there are vacant lots that cost millions of dollars in every major city. Near-zero carrying cost.
There's risk in owning housing and so we should make sure people get rewarded for that instead of rewarded for owning land.
>You lose close to zero money owning land even in down markets.
You still lose relatively though because the next person with their money in the market made some %
Land and real estate assets are generally a poor investment relative to the market without a ton of active management. There are god knows how many millions of people who own land that would be incredibly valuable if not for the civil engineering lobby getting environmental rules and laws written to their favor.