Buying it isn’t profitable, holding large masses of it though, it’s literally impossible to lose money, and if you do the government will do things like push employees back into overpriced office buildings to continue to justify the price.
Just holding isn’t that valuable. Most real estate doesn’t outpace inflation. If you get to live there for basically free or collect rent it’s a good deal.
Buying it isn’t profitable, holding large masses of it though, it’s literally impossible to lose money, and if you do the government will do things like push employees back into overpriced office buildings to continue to justify the price.
Just holding isn’t that valuable. Most real estate doesn’t outpace inflation. If you get to live there for basically free or collect rent it’s a good deal.