> Homes aren't competing with other investments, they're competing with renting or being homeless in some form. If you have $1 million, you can buy a house and

> Homes aren't competing with other investments, they're competing with renting or being homeless in some form. If you have $1 million, you can buy a house and live in it "for free" or you can buy stocks/bonds/ETFs, maybe earn $50k a year in dividends and capital gains, rent a place for $30k a year, and pocket the difference. So yes, buying a home does compete with a combination of (other investments + renting).