We bought our homes mostly because we enjoy the noneconomic benefits of home ownership. First and foremost, distance between us and our neighbors. And it is painted, repaired, remodeled however and whenever we want.
However, our home is worth less than 20% of our net worth because equities are our primary source of wealth accumulation. It is a lot easier to buy low cost ETFs and index funds with the push of a button than it is to buy a house, repair and maintain it, cut grass, pay property taxes, homeowners, heat, sewer, water, etc., and still make as much profit as you can with equities. You can do it but it is hard work. So for me a home is a source of enjoyment and a cost to be minimized.