[Finny]

Falling birth rates and new building technologies mean there will be an oversupply of real estate in the future.

Now, that's an interesting possibility.

[Finny]

I think that the fascinating bit you write about building up, and new technologies, creating a surplus of real estate, may be right in that there would be a surplus of specific kinds of real estate in the future. There will never be a surplus of coastal land, nor will there ever be a surplus of real estate in towns that simultaneously enjoy near-perfect weather and hugely robust and diverse economies.