Also I want to mention that it is unlikely we will ever get "there" as property is not a good that can be mass produced. If I spend 1 million dollars designing a phone, I only need 20 dollars to instantiate a physical model.
Property cannot be instantiated. It is only bought, sold, taken or discovered and there's no more left to discover.
Land cannot be mass produced, but dwellings certainly can be. There is plenty of unused or underutilized land in the US waiting for a high-rise to be plopped on it.
Property cannot be instantiated. It is only bought, sold, taken or discovered and there's no more left to discover.