[Alberta's Child]

You’re overlooking a couple of things:

1. Your primary residence is one of the least diversified and most illiquid assets you can ever own.

2. For your primary residence, the U.S. tax code does not allow you to write off many carrying costs — like depreciation, maintenance/repairs, etc. that you CAN write off if the same property is rented out to a tenant.

[1Old Pro]

most illiquid assets you can ever own.

I have almost daily liquidity in my market, I could sell my house in less than 5 days.

[1Old Pro]

For your primary residence, the U.S. tax code does not allow you to write off many carrying costs — like depreciation, maintenance/repairs, etc.

Actually you can schedule these for the home office portion of your residence. Or, if you conduct business at your home you can file for certain tax benefits.