> Surely, a UK investor can invest in the S&P 500 today. Go do the same math for the FSTE 100; I suspect it will crush housing. Yeah of course, after they have

> Surely, a UK investor can invest in the S&P 500 today. Go do the same math for the FSTE 100; I suspect it will crush housing. Yeah of course, after they have paid for their endlessly rising rent (because they aren't buying a house in this comparison, are they). And all their bills, and their food, and their energy. Sorry: average UK people aren't investors, and nor are average Americans. This is the bias I am talking about. You're just not thinking the same way I am thinking. You are in a box where people have money to make investments. > In the US, ~2/3 of households own their homes, almost identical to the UK figures. Wrong way to look at it though. In the UK, the vast majority of people under 40 do not have a mortgage. https://www.theguardian.com/money/2020/feb/10/home-ownership-ons-rent https://www.theguardian.com/money/2020/feb/10/home-ownership... A majority of those people will never own a property. Even if their parents own a property, they are not particularly likely to inherit enough of a share of that money to secure a deposit on a house, because they are likely to have siblings and their parents are likely to have had to release equity to pay for their elderly care or pay bills. Some but by no means most parents die with enough savings that an only child can inherit the house after all the taxes are paid; the average house price is very close to the IHT threshold. The _average_ deposit in the UK is now 15%. That, combined with the fact that the average person in the UK is bearing down on 50 when they do inherit and will tend to need a higher deposit than a first time buyer... 4% above inflation is a dream. I guess in the USA you still have little boxes being built on virgin hillsides. That is over in the UK; it's been over for 25 years. The limited supply of housing in the UK in the last 50 years will absolutely blow you away.