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*affordable. Are affordability and ROI mutually exclusive? For housing we're saying yes. But for stocks it seems the answer is no.

• danans 8y ago
  "Affordability" doesn't have the same meaning for housing and for stocks, so the phenomenon are not directly comparable, except in an a highly oversimplified worldview. Stock purchases are elective, and can be readily scaled down and up based on a person's means. Stocks are highly liquid. They are as affordable as you have discretionary income to purchase them. Housing is not elective for most people and it can't be scaled down or up anything like the degree to which stock ownership can be scaled. Moving is expensive and hard, as is selling and buying houses, and housing affordability is a function of its cost as a percentage of measures of local median incomes.