While a home does depreciate, and its primary value is its utility, owning it provides a substantial benefit of being able to sell it to recoup some of its expense. The alternative to owning is renting, where you have no ability to sell to recoup any value.
Unlike most things in life that depreciate, housing is a basic need, so forgoing the expense is seldom an option.
So in the end it’s still a worthwhile choice, especially when considering the sovereignty one gains over their place of residency.
Though, the shaming of renters is unnecessary as the economic choice to rent or buy can vary based on individual circumstance, and bitcoin has certainly tipped the scales on that decision.
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