Perhaps if someone had data that goes back far enough, a couple of hundred years, it may indicate that purchasing was cheaper? It makes sense. It’s more risk to drop big capital on something than to rent it. Before govt interventions and homeownership policies influenced housing, I think most mortgages reguired 50% down, if you could get one. Imagine what the prices would be now, with that kind of loan? And you couldnt deduct mortgage interest payments. But there wasnt always income tax, either. Hey, go back far enough and only royalty was allowed to own real estate.
