Kinda feels like our own versions of "too big (expensive) to fail".
>>> Elon derangement syndrome
The Tesla CEO promised that Teslas wouldn't depreciate like other cars do.
He promised that they would not only hold their value, they would increase in value over time.
He promised that they would be assets, earning income for their owners.
He stated that an owner could expect $30,000 in income per year from their Tesla acting as a robotaxi for hire while not being driven by its owner.
Perhaps it's "derangement" to take the CEO at his word.
A house, especially in a desirable location is much more rare, it is hard to produce. Land is limited, getting permits is difficult, labor can be expensive.
Houses have a better chance to keep pace with inflation which makes them more susceptible to being an investment.