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Easier to liquidate money if its in stocks.
Stock market takes more of your money. There's insurance for rental properties, as well as lawyers/courts and contractual obligations for renters.
Real estate is more the fast running pinwheel of time vs money and money vs time. It’s not ever time = money. If you own to rent then you doubled the work of being the landowner, and become the landlord, property manager, the superintendent, the rent collector, the self financier and so forth. Yes you can outsource a lot of that work but you still have to be engaged in it all
Amateurs don't appreciate the future potential of the stock is what gives it its current value.
Buy reits and not worry about tenants
Why it’s hassled explain
S&P is too expensive for what you are actually getting. Valuations are crazy.
Stocks are inflated but so is real estate
Why go with Mutual Funds over Index Funds?
Stock market has better return