In the grand scheme of history, land ownership by the larger public is essentially nonexistent. Land almost always was ‘owned’ by a government-supported aristocracy. For the vast majority of history, land ownership also meant sovereignty. As in, it’s yours if you can fight for it.

So yes, I agree that real estate ownership is not ‘value creation’ in the modern world. It’s speculation of a finite resource, but unlike Bitcoin that resource is essential to livelihood