Real estate is both overvalued and over taxed.
In the United States, local communities collect property tax. If your tax rate is 2%; then the government takes the full value of your property every 50 years. If it is 3%; the government takes the full value of your property every 33 years.
Where I live some people buy property in gold as a protest to fiat currency. The game of buying things with gold or other bartered items has been going on for generations.
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