Potentially, in terms of leasing property to build on to produce revenue streams where such real estate was vital.

No, if its constrained to a speculative belief that the fiat valuations will outpace inflation and carrying costs. Unimproved lots are generally a money sink to prop up tax jurisdictions. Buildings decay, and the upkeep is usually only viable when used as a home or business (neither are investments)

That is, "buy and hold" for real estate is a fools game where the only winner is the state.

No