Hasn't SFHs always outperformed senior homes, offices, malls, and multis/apartments?
I don't know. But I wouldn't think so.
Just intuition, but I would guess like other asset classes, rankings fluctuate?
BTW over the same period, US total stock market earned 17%-ish?
Comparing the different classes of real estate is interesting. However, comparing 21% of SFH to 17% stock market seems apples to oranges to me. I can provide some quick stats on my rentals and readers can decide. I will use June 2016 to June 2021 as my timeline.
Rental #1: Purchased for 182K with 20% down and 10K of rehab. From 2016 to 2021 it increased from 325K to 475K.
Rental #2: Purchased for 95K with 5% down and 16K of rehab. From 2016 to 2021, it increased from 210K to 350K.
Here is the part that makes the RE comparison different...
I did a cash-out re-fi (148K) on rental #1 in 2017 to buy rental #3 in 2018. Purchased for 603K (20% down) with 50K of rehab and is now 1.15 mm.
I did a cash-out re-fi (107K) on rental #2 in 2019 to buy current primary in 2019. Purchase price was 280K (20% down) and is now worth 380K.
Some of the extra money from the cash-out re-fi's ended up in my Roth IRA.