I think it’s likely that GDP growth, as captured by publicly traded stocks, will significantly outpace growth in demand for any land that doesn’t involve raw resource extraction. For example, GDP might 100x over a few years, while world population grows by a mere 5%. In that scenario, wouldn’t stocks be a better investment than a plot of farmland?
(Edit: It’s true that a general increase in wealth levels implied by the GDP 100x scenario would also drive up residential land prices significantly, but that new wealth would be unevenly distributed, and you want your marginal invested dollar as close to the actual source of wealth generation as possible, not invested in secondary effects.)
Also, at the extreme, AI can generate new land in the form of seasteads/O’Neill cylinders, though of course one might benefit from investing in ex. mineral rights for some period of time before the asteroid mining begins.
(disclaimer: have not thought deeply about this, am not an expert, not investment advice, etc.)
I think it’s likely that GDP growth, as captured by publicly traded stocks, will significantly outpace growth in demand for any land that doesn’t involve raw resource extraction. For example, GDP might 100x over a few years, while world population grows by a mere 5%. In that scenario, wouldn’t stocks be a better investment than a plot of farmland?
(Edit: It’s true that a general increase in wealth levels implied by the GDP 100x scenario would also drive up residential land prices significantly, but that new wealth would be unevenly distributed, and you want your marginal invested dollar as close to the actual source of wealth generation as possible, not invested in secondary effects.)
Also, at the extreme, AI can generate new land in the form of seasteads/O’Neill cylinders, though of course one might benefit from investing in ex. mineral rights for some period of time before the asteroid mining begins.
(disclaimer: have not thought deeply about this, am not an expert, not investment advice, etc.)