Well the mortgage got them that initial capital in the first place to buy a home...

fullshark on July 26, 2017 | parent | context | favorite | on: Why has regional income convergence in the U.S. de...

Well the mortgage got them that initial capital in the first place to buy a home. Banks weren't giving them a loan to buy an index fund so it's not really a fair comparison, especially if you ignore opportunity cost of paying rent as you state.