New Home as an Investment?

[Jason Merchey]

I get that this is a forum for investors, and I get that investing is almost synonymous with buying something for under market value.
However, I am batting .000 in my recent property-acquisition and holding or flipping model, and I kept seeing a new subdivision about 1/2 mile from where I live. I went by and had an hour-long discussion with a decent realtor there.
My question is, Would you all drum me out of BP if I were to "invest" in a new home? My goals are cash flow and appreciation, and I think that this home is probably 50/50 in how that would go. Appreciation is a bit of a speculation, I get that, but it seems more likely than not. Also, with labor and materials going up and with folks kinda preferring new homes for $80-100 a square foot, it might appreciate better than average actually. My area, Charleston, is improving decently.
So yah, is that an investment that I should be ashamed of, or is buying a new 2,000' 4-bed two story open floor plan vinyl sided house with granite and stainless appliances on 1/3 acre fenced for $105 a foot that would rent for $1,750 from DR Horton around the corner from me a possibly good thing?