According to a survey by the Federal Reserve Bank of New York, 90% of respondents chose owning a primary residence over investing in the stock market. They cited higher returns and lower volatility as reasons to buy a primary residence. Additionally, more than 50 percent of survey respondents say they preferred to own a rental property over purchasing stocks.
Many respondents cited housing over stocks due to the belief that real estate offers more comfort and stability. For example, “desired living environment,” “provides stability,” and “less volatile” were among the most common survey responses.
(Market Watch)
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