There are a lot of things missing though in this analysis for the homeowner if you want to do a true comparison. 1) The difference between the mortgage payment

There are a lot of things missing though in this analysis for the homeowner if you want to do a true comparison. 1) The difference between the mortgage payment and equivalent rent for an equivalent place 2) Tax write offs (mortgage interest deductions) 3) Principal pay down 4) Property Maintenance costs 5) Property purchase fees (transfer tax, loan origination fees, etc) And then for the stock holder you missed... 6) Taxes paid on cashing out stocks