[aianus]

> Homes aren't competing with other investments, they're competing with renting or being homeless in some form.

If you have $1 million, you can buy a house and live in it "for free" or you can buy stocks/bonds/ETFs, maybe earn $50k a year in dividends and capital gains, rent a place for $30k a year, and pocket the difference.

So yes, buying a home does compete with a combination of (other investments + renting).

[nemo44x]

And after taxes on your gains you can pay your rent and live for free. Sounds similar but I guess that's the market at work.