There are two parts to buy house. One is hedge for rising rents. You pay the same mortgage and then don’t pay anything. Decades ago and still in unpopular areas

There are two parts to buy house. One is hedge for rising rents. You pay the same mortgage and then don’t pay anything. Decades ago and still in unpopular areas, house prices rose with inflation and weren’t really investment. Two is investment. Land prices in popular areas started rising because of demand. Housing turned into way to make money and build wealth. But it is really land speculation.