To each his own. We try not to make house decisions based on general maxims and instead run detailed spreadsheets on all the angles we can think of including where would we be happiest, appreciation, price per square foot, walkability, access to public transportation, crime rates, affordability to us, property taxes, school rankings, prices trending upward or downward, did prices hold during the last downturn, etc. Initial price is one of many factors we consider.
We will probably move to a lower maintenance townhouse or condo in a retirement community when we are older so what our house will likely be worth in 10 or 20 years is important to us.
Even clouds seem bright and breezy, 'Cause the livin' is free and easy, See the rat race in a new way, Like you're wakin' up to a new day (Dr. Tarr and Professor Fether lyrics, Alan Parsons Project, based on an EA Poe story)