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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Housing is an area where there is very little arbitrage. If cars are selling for a low price one place you can buy it there and drive it to where prices are high. That is not true for housing.
It used to be that developers could buy up large swaths of land near a city people wanted to live and build thousands of houses. That was made illegal in most places so supply can’t keep up with demand.
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