Michael Luca

The S&P 500's 235% decade beat housing's 87% on a streak last seen in the late 1990s

The S&P 500 gained 235% in the decade to December 2025 against 87% for Case-Shiller home prices, before dividends. That gap favors renting and investing, though it leans on a run of double-digit stock years last matched in the late 1990s.