@scottalanmiller said in Is Real Estate Actually a Good Investment on Average?:
The idea that you would create a business that never makes money and get rich buying and selling that worthless business to higher and higher bidders sounds insane. But all of the US economy is built on that.
Just think of the age of the industrial revolution. America is the "IDEAS" country. So much of our money is based on "Ideas" ie; My company will make huge profits in the future (Amazon), My company's product will be in everyone's pocket in under two years (Apple), My brand will be a household name very soon (Coke-A-Cola, Dell), Our service will become a verb in every language on earth (Google).
It's the future of these ideas that generates interest, investment, and wealth for those who invest. Just think of all the millionaires Coke-A-Cola made for people who have no idea how to blend the drink or manufacture it or even distribute it.