By hubris, you seem to mean “optimistic assumptions.” And I could make a similar post about the optimistic assumptions behind renting: the same assumptions about property rights and availability of insurance apply. And by renting, you are predicting that your landlord will not kick you out, stop maintaining the place, or raise rent to a point where you cannot afford it. Or that if they do, you will be able to find another affordable apartment in the area.
By hubris, you seem to mean “optimistic assumptions.” And I could make a similar post about the optimistic assumptions behind renting: the same assumptions about property rights and availability of insurance apply. And by renting, you are predicting that your landlord will not kick you out, stop maintaining the place, or raise rent to a point where you cannot afford it. Or that if they do, you will be able to find another affordable apartment in the area.