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Why specific bought in '20/'21? Bought the house as single in '00, monthly costs were about 20% less then renting a similar house in worse configtion. The value then in guilders was less then then now in euro. (about 125% rize in value) and I'm paing in morgage about 75% of what I paid when I bought it. (and that will stay the same for another 7y)
It's a good house and way cheaper then letting. I could see ut as investment, but I need a roof to live under. It's a comfortable and very affordable place to live.
Adding onto what OP said, housing prices have literally more than doubled in the past two years, and interest rates were at record lows during that time, especially in 2020
They doubled before, they'll double again, and crash.
When you sell the house at a huge profit, you'll have to spend all again to buy one back, probably more as you have transfer costs, decorate, move,... Yes, houses have economical value, but for all it's a necessity to be able to live in one.