> when you can be doubling your money roughly every 20 years with stocks.
With housing, a poorly-capitalised speculator can get a mortgage to buy property, and pay it off using rental income, with a deposit of maybe 15-20% of the value of the property. This lets them capture the price increase on a multiple of their deposit.
It is much harder to do something similar with the stock market and loans. Amount loaned would be lower and interest rates higher.
With housing, a poorly-capitalised speculator can get a mortgage to buy property, and pay it off using rental income, with a deposit of maybe 15-20% of the value of the property. This lets them capture the price increase on a multiple of their deposit.
It is much harder to do something similar with the stock market and loans. Amount loaned would be lower and interest rates higher.