"Illogical,"OK, first my post was not a statement to be taken as logical or not. It was a question and a rhetorical one at that.
"...that liability comes out of your bank account, decreasing that bank account in pure reality;..."Sounds like you are talking about paying rent here.
"...meanwhile, one's ethereal rise in value in the home one lives in doesn't fill up too many bellies on that side of the mortgage."Except when you sell it that is.
Truth is that neither renting or mortgages are inherently better. Like so many other things in life, it just depends on the many variables involved.