It counts the cost of rent.
If you buy a house for far more than the value of rent, you are making a speculative investment.
Rent is half my mortgage for an equivalent house. It wouldn't be realistic to call my mortgage the cost of shelter.
If you buy a house for far more than the value of rent, you are making a speculative investment.
Rent is half my mortgage for an equivalent house. It wouldn't be realistic to call my mortgage the cost of shelter.
As someone who is looking to start a family, renting vs owning is not simply a financial question, they are totally different goods which are not interchangeable
If someone wants to talk about the cost of buying and homeownership rates, there is tons of data on that to point at.