To be clear, I understand what inflation is, but something that’s only keeping up with inflation doesn’t make sense to me as an *investment.* I can understand increasing value by actively doing something, like fixing the roof or adding an addition, but not by it just sitting there.
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[Baumol’s Cost Disease](https://en.wikipedia.org/wiki/Baumol_effect). Simply put, when everything else gets cheaper, the few things which **DON’T** get cheaper rise in price to absorb a greater share of everyone’s disposable income. You see this effect most strongly expressed in goods and services with inelastic demand, which are resistant to technological innovations which would make them less expensive: Housing, Health Care, and Education.
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