All of the data confirms that owning residential property is a very poor long-term investment. In fact, as the chart below shows, you'd have been much better off investing in the stock market over time. So why does the government continue to strongly incent you to invest in home ownership? There are only two possible explanations:
1. Government is so incredibly stupid that it can't read these simple charts.
2. Government is less concerned with your welfare than the welfare of realtors, developers, construction firms, mortgage bankers and others who can write campaign checks to them.
You decide which is more plausible.
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