Are US Treasuries now a better investment than rental property?

It would be more profitable for the average investor to buy a 10 year US government bond than to become a typical landlord. Indeed, this relative profitability is at its highest level since July 2007.

Negative housing spreads occur when the interest rate “spread” between low-risk US Treasuries are outperforming the risky operations of renting-out real estate.

Specifically, the US 10-year…