> I think there's not that much value created on average simply due to transacting. I think if you stopped the transacting then the value of the property would

> I think there's not that much value created on average simply due to transacting. I think if you stopped the transacting then the value of the property would deteriorate; the value that a given owner places on the property is variable and in the end must always go to zero when the owner dies. So transacting increases the value compared to not transacting but there are other factors in play with the opposite effect, resulting in little net change in value over time.