Is the house a consumer product?

There are two completely different views on whether a house is a consumer product in economics:

Housing is a consumer product: this view holds that housing, as a material existence, should be regarded as a consumer product in itself, which is usually a powerful guarantee to improve our comfort and quality of life. More people will choose to spend a lot of money to buy a house and enjoy the value-added benefits brought by the relatively stable residence and rising property prices. Compared with other commodities, there is nothing wrong with relying on housing investment to gain income.

Housing is an asset class: another view emphasizes the financial function and significance of housing. It is particularly important to classify housing as an asset class, because it has high investment value and risk, and its value-added is the same as other asset classes. Therefore, housing can be given more extensive, long-term and complex market applications.

In short, whether a house is a consumer product or an asset class does not affect the existence of buying a house based on consumer demand, nor does it affect the choice of self-occupation and future development. Everyone's views on this issue will be different because of their own actual situation. No matter how you look at it, you should plan your life and future reasonably according to your own ability.