Also the source data since news articles seem to hate including them: https://www150.statcan.gc.ca/n1/daily-quotidien/240613/dq240613a-eng.htm
Also the source data since news articles seem to hate including them: https://www150.statcan.gc.ca/n1/daily-quotidien/240613/dq240613a-eng.htm
I don’t see how that addresses what I said in my comment?
I’m not disagreeing with your comment btw. I was speaking to your question about the title.
In the eyes of a renter, homeowners are rich. It’s (unfortunately) an amazing investment with a very high barrier to entry.
Funny enough, real estate preforms worse than just an index fund, usually. The difference is that a mortgage makes not regularly paying in much more difficult.
But yeah, the underclass tends to rent.
The other differences are leverage, tax sheltering, and the low cost of borrowing. How many people can borrow $1,500,000 at 5% to buy an index fund in a tax shielded account?
Also, don’t forget that you get to “invest” your rent money when you buy a home.
Real estate returns are higher.