Still is, at least to an extent. Bought a house 10 years ago for $110k, and while I’ve paid down about $30k of that between my modest down payment and 10 years of mortgage payments, the house has appreciated ~2x, meaning that I could potentially bring a $100k down payment to a new property. Even with everything else appreciating in the meantime, that makes viable many more options than I would have had if those mortgage payments had been rent checks.