I think when people speak about real estate as a bad investment they are speaking in store of value terms. I also believe that they are more so addressing people who view real estate as the go to investment as s store of value, or an investment strategy that doesn't involve living in the house etc etc. When it comes to owning vs renting I believe some people speak against purchasing real estate at current prices due to real estate value being somewhat artificially inflated because so many people viewed it as a store of value and owned multiple homes. I imagine some are of the belief that there will be a price correction and someone what of a philosophical change on how real estate should be utilized.....just my 2 sats ☺️