Adam Lett@danluu Does this calculation account for the fact that besides appreciating in value, a house also provides you a place to live? After all, you can’t invest the money you spend on rent (or – in fairness – interest on a mortgage).
One other thing besides owning vs renting, jumps to my mind: Insurance. I would imagine that poor people forego insurance on things like cars and healthcare, with catastrophic economic consequences for some.
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