David Friedberg explains that owning a home is worse than investing in stocks

David Friedberg explains that owning a home is worse than investing in stocks US HOME PRICES: 50-YEAR SURGE S&P/CASE-SHILLER HOME PRICE INDEX - 1978-2026 1976 Index: 25 2000 Baseline: 100 2006 Bubble Peak: 184 2012 Crash Trough: 134 2026 Historic High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