Thank you for taking the time to read and respond to my article. I appreciate your perspective and your effort to provide detailed feedback. Let me address the points you raised.

**Ownership and Mortgages**:
While you are correct that, technically, a homeowner owns the property outright, the reality of a mortgage means the bank holds significant financial interest until the loan is paid off. In Europe, including London where I reside, this dynamic plays a crucial role in financial stability and homeownership risks. The mortgage lender's security interest means they can repossess the property if payments are not met, which significantly impacts the notion of ownership.

**Liquidity of Real Estate**:
Your point about real estate liquidity overlooks the nuances in different markets. In London and much of Europe, properties often remain on the market for several months before a sale is agreed upon. I've experienced this firsthand from both buyer and seller perspectives. Completing a property transaction can easily take six months or longer, assuming there are no complications like a buyer or seller pulling out. Additionally, stamp duty and other local taxes significantly add to the transaction costs, making real estate less liquid and more burdensome compared to stocks.

**Costs and Responsibilities of Homeownership**:
Homeownership does indeed come with various costs, including agent fees (often around 3% of the sale price), annual service charges, and ground rents that can escalate over time. These expenses can severely impact the profitability of owning a home. In contrast, renting provides flexibility and avoids these sunk costs. For someone like me, who expects changes in family size and needs, renting offers the adaptability that owning cannot.

**Investment Perspective**:
While homeownership has been a traditional way to build wealth, it's not always the most efficient in modern economic contexts, especially in high-cost cities like London. I've analyzed rent vs. buy scenarios extensively and found that for periods under three years, renting is financially advantageous. Moreover, the ability to invest in more liquid and higher-yielding assets, which come with fewer taxes and maintenance issues, often outweighs the benefits of owning a property. These investments can be easily moved and leveraged without the same level of risk and regulation that property ownership entails.

**Flexibility and Financial Efficiency**:
Renting allows for a greater degree of financial flexibility. You maintain liquidity and can respond more quickly to market opportunities. In comparison, the capital tied up in a house, along with associated costs like stamp duty and maintenance, represents a significant opportunity cost. My investments in highly liquid and secure assets offer better returns and flexibility, without the burdens of property ownership.

In conclusion, while homeownership has its merits, particularly for those seeking long-term stability and a personal space to call their own, the financial and practical benefits of renting and investing in more liquid assets cannot be ignored, especially in dynamic and expensive markets like London. Thank you again for your thoughtful comments.