• Buying a house has poor returns compared to investing in the S&P 500.
  • Over the past 100 years, research shows that the returns on buying a house have essentially matched inflation.
  • Many people fail to properly consider factors such as inflation, opportunity cost, and phantom cost when evaluating the returns on buying a house.
  • Understanding these factors is important since buying a house is typically the biggest purchase in a person's life.

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