Ah you make a good point about selling and buying back into the same market, yes if you perhaps a older person with a massive house and you want to downgrade as the kids have moved on and would like a smaller place, perhaps you can edge out a little profit, but how many are really doing that or thinking like that?
If your home is also your place of income like people had work shops fixed cars, grew produce, manufactured things in their garage started businesses then there's still a productive gain on the land and I can see it as an investment
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