If you sell the house you live in, you can keep $250k ($500k if you’re married) of capital gain without any federal taxes at all. So an equity investment would

If you sell the house you live in, you can keep $250k ($500k if you’re married) of capital gain without any federal taxes at all. So an equity investment would need to return 17.6% better just to match that tax advantage. This gets left out of a lot of comparisons in my experience.