> Housing in Singapore is famously affordable ... There's just no good data backing your claim. There is quite a bit of data backing the claim in countries who

> Housing in Singapore is famously affordable ... There's just no good data backing your claim. There is quite a bit of data backing the claim in countries whose culture includes the nuclear family. David Willetts published a book on this, he also runs a foundation called the Resolution Foundation. I'll refer you to him. The book's name is called "The Pinch". The problem with using Japan or Singapore as examples is that they are collectivist societies. The social milei is fundamentally different. > How does a house have better tax treatment and cash flow than buying a vanguard ETF. First, the risk in any stock market security today is unmanageable. Take your pick with price discovery (dark pools > 50% volume transactions), chaotic geopolitics, monetary instabilities, etc. This isn't financial advice. You should take a look at the book Rich Dad Poor Dad, the stories are mostly BS, but the financial parts works, don't get conned into taking a seminar. With real estate, you turn it into a business. Business expenses are fully deductible. You have cash flow from renters that pay mortgage after you reach a a certain point on your loan schedule. You can deduct the mortgage interest, choose when to use cash flow for a number of things including capital improvements, 1031-exchange, and the best part, you've bought it on leverage. You pay 20% for 100% of the use. Every year, 2% or more of what you owed in purchasing power evaporates, then there's depreciation and its recapture loopholes, and this is just the surface. A competent CPA, will be able to advise in more depth. Obviously this isn't financial advice, just answering your question.