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Agree, but if it's a pre-existing mortgage, then the debt is already there. You've already bought the ticket that exposes you to the up / down of the property market, and that's unaffected by how much of the mortgage you pay down - so for anyone who already has a mortgage, the return is more or less guaranteed (barring bankruptcy, death etc)
andyfallsoff
I know what you mean and it's often true, but it's not a guaranteed return if the price of the property falls (relative to inflation) and you have to sell.
Maybe that's less likely or more likely than the stock market crashing, I don't claim to know but it will depend on a lot of things personal to you like where your property is and if your partner is about to divorce you.