Real estate has significant holding cost: taxes, maintenance, insurance etc. it’s not very liquid and doesn’t hold value. 

 Doesn’t hold value?

In what world does real estate in general not hold value? 

 My parents bought apartment in Kyiv 2014 year for $55k now it’s $40k 

 Yeah, but that same property in a decade will be 400k once the war is over. 

 In decade this 💩 fiat 400k will buy you nothing