You are severely miscategorizing real estate. Look at what happened in the 2000s bubble. Property was flipping with no value adds, and even with added wear and

You are severely miscategorizing real estate. Look at what happened in the 2000s bubble. Property was flipping with no value adds, and even with added wear and tear. Buying desert property today and selling it for profit in 10 years when the city next door expands-- that is not wealth creation.