Because everyone needs to live somewhere, if they don't own a house, they are hurt if house prices (and 'therefore' rents) rise.
To avoid being affected by something external (like house price fluctuations), it makes sense to own a property (or invest in property-related stocks). But only enough to cover your needs.
If you buy a too-big house, or several houses, you'll be in the situation of hoping for house prices rises - meaning that you'll benefit if prices rise - beyond the additional cost that you'll face in the current property markets.
The surprising point of the article is that it is natural to assume that no property = no exposure. But that's not true in the case of housing.
To avoid being affected by something external (like house price fluctuations), it makes sense to own a property (or invest in property-related stocks). But only enough to cover your needs.
If you buy a too-big house, or several houses, you'll be in the situation of hoping for house prices rises - meaning that you'll benefit if prices rise - beyond the additional cost that you'll face in the current property markets.
The surprising point of the article is that it is natural to assume that no property = no exposure. But that's not true in the case of housing.