if renting were so much better than buying fewer people would buy, and nobody would be dumb enough to buy and then rent the place. Correct, which means that re

if renting were so much better than buying fewer people would buy, and nobody would be dumb enough to buy and then rent the place. Correct, which means that renting isn't clearly superior to buying either. (Except during insane housing bubbles). Again exactly what we should expect. But obviously buying is better than renting because a lot of people choose to go and spend their money buying extra homes beyond the one they need and renting it. And obviously growing your own food is better than buying it because lots of people grow extra food and sell it. The point is that the profits you can earn in either case aren't so great that it's foolish not to do it.