Yes, and yet people bought and sold properties and those that held eventually saw their asset appreciate. And that’s my point - “Before all was the land…” is th

Yes, and yet people bought and sold properties and those that held eventually saw their asset appreciate. And that’s my point - “Before all was the land…” is the start of many opening chapters on real estate, because oil, mining, timber, housing, commerce - it all ties back to this physical asset. It is innately an immovable asset thus it will always have value and that value will fluctuate (generally increasing…) based on its marketability and use. So sure - real estate is different in each decade, but overall the treatment of it as an investment has been true as long as there has been civilization. It ain’t a coincidence that retiring Roman soldiers were given land as thanks for their service.