The CFP advises against viewing a home as an investment, emphasizing its role as a shelter.

Certified financial planner Douglas Boneparth advises against viewing a home as an investment and instead emphasizes its role as a place to live and create memories. He highlights the difficulty in calculating the return on investment for a home due to the challenges of tracking repairs and additions made over many years of ownership. Boneparth acknowledges rental properties as an exception since they can generate revenue. He also notes that homeownership has become increasingly expensive, making it harder for the average American to afford. The upfront costs, ongoing expenses, and diligent saving required for homeownership may make it unattainable for many buyers.