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I understand you point and agree with the basic notion. But I think that to be fair, you need to do the comparison assuming that any difference in cost between rent and a mortgage is either spent or at best placed in a bank account then spent later.In practice, only a minority will successfully invest what they save, most will spend in the short to medium term and the rest will put it in the bank. Something that's easy to forget, is that whilst owning shares is moderately common on Australian society, only a small minority take any serious interest in it. For most, it's Telstra, BHP, a big bank, Woolworths and that's it.
I understand you point and agree with the basic notion. But I think that to be fair, you need to do the comparison assuming that any difference in cost between rent and a mortgage is either spent or at best placed in a bank account then spent later.
In practice, only a minority will successfully invest what they save, most will spend in the short to medium term and the rest will put it in the bank. Something that's easy to forget, is that whilst owning shares is moderately common on Australian society, only a small minority take any serious interest in it. For most, it's Telstra, BHP, a big bank, Woolworths and that's it.
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