Quote from @Eric James:
One stated benefit of investing in real estate is price appreciation. However, if you look at inflation adjusted real estate prices for the most part there isn't much appreciation. There are specific points in time like 2006 (we know what followed that) and right now when real estate exceeds inflation adjusted prices. However, over the long term it doesn't really appear that real estate appreciates much beyond inflation. Is real estate appreciation a myth?
https://www.supermoney.com/inf...
Look at long term studies 100yr+ you will see
Inflation is 3% range. Bonds are in same 3% range
Real estate is 6-7% range.
Stocks are in 10% range.
There are periods of divergence from this and there will be catchup. Here is bigger pockets article on this:
Bonds vs. Stocks vs. Real Estate: Which One Wins? | Blog (biggerpockets.com)
This is offcourse favoring real estate, however you can look up other indpendent sources and find that stocks normally get 10% total returns considering dividends are reinvested.
In my opinion stocks are best for passive strategies that are long term.