> Why does everyone want to tie significant amounts of their lifetime earnings into physical property that historically has had very low appreciation in value?

I've tied a significant amount of my lifetime earnings into dining out and purchasing music and I can assure you that neither of those has much of a resale value, especially the former.

I've never understood this crazy, if not outright insane obsession with maximizing appreciation value. It's like people have forgotten that we make money so that we can spend it making ourselves happy.