Isn't this sort of a strange comparison, though: income, which is liquid, vs equity, which usually isn't?
Since most homeowners live in their investment and prices have risen almost everywhere, there's no way to cash out on the investment and remain housed.
You would have to sell and gamble on renting until a market correction, or moving to a cheaper housing market, or own multiple properties to be able to actually cash in on this equity earning
Since most homeowners live in their investment and prices have risen almost everywhere, there's no way to cash out on the investment and remain housed.
You would have to sell and gamble on renting until a market correction, or moving to a cheaper housing market, or own multiple properties to be able to actually cash in on this equity earning
.. whereas of course income is just cash
Maybe I'm missing something